Insurance that protects individuals from the loss of their bank deposits:
a. makes bank officials especially careful about the loans and investments they make
b. makes it virtually impossible for a bank to fail.
c. is so costly that few banks can afford it.
d. makes depositors less concerned about the safety of their money than the interest rate it is earning.
e. was introduced as a direct result of the financial problems of the 1970s and 1980s.
d
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Use the above figure. The total revenue earned by the monopolistically competitive firm is
A) $300. B) $285. C) $180. D) $255.
When the price of a good rises, the demand for its complements will tend to rise
Indicate whether the statement is true or false
Sales forecasts are applications of demand theory.
a. true b. false
Two firms, Kegareta Inc. and Sucio Enterprises, have access to five production processes, each one of which has a different cost and gives off a different amount of pollution. The daily costs of the processes and the corresponding number of tons of smoke emitted are shown in the accompanying table. ABCDE 4 tons/day3 tons/day2 tons/day1 tons/day0 tons/dayKegareta Inc.$40$85$135$190$250Sucio Enterprises$120$175$250$345$460 Suppose the government wants to reduce pollution by 50 percent by imposing a tax of $T per day on each ton of smoke emitted. Of the options listed, what's the smallest tax, $T, that will achieve this goal?
A. $51 B. $61 C. $56 D. $54