If a product which costs $8 is sold at $10, the mark-up is
A) $2.
B) 25%.
C) 20%.
D) None of the above
B
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Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) What result would indicate that worldwide output is increased as a result of migration?
A. Area aced> area qsut
B. Wage rates have increased in both countries
C. Domestic output has increased in both countries
D. The share of domestic output paid as business income increases in both countries
The term for the Fed's day-to-day technique for controlling the stock of money is called
A) discounting operations. B) interest-rate operations. C) liquidity operations. D) open heart operations. E) none of the above.
The graph below represents the market for lychee nuts. The equilibrium price is $7.00 per bushel, but the market price is $5.00 per bushel
Identify the areas representing consumer surplus, producer surplus, and deadweight loss at the equilibrium price of $7.00 and at the market price of $5.00.
A network externality exists
a. in the television industry b. outside the television industry c. whenever an increase in the size of a network increases its value to current and potential members d. whenever an increase in the size of a network increases its average total cost of production e. whenever an increase in the size of a network increases its total cost of production