Maria is looking to buy one of two houses to rent out for additional income. She determines that the first house, priced at $200,000, could rent for $1,500 per month. If the second house is priced at $280,000, how much rent would Maria have to charge to
get an equivalent yearly rate of return?
A. $2,100 per month.
B. $2,600 per month.
C. $2,800 per month.
D. It cannot be determined with the information given.
A. $2,100 per month.
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If a tax is imposed on each unit of a good purchased, ________
A) the supply curve shifts to the right B) the supply curve shifts to the left C) the demand curve shifts to the right D) the demand curve shifts to the left
The Coase theorem states that
A. positive externalities are directly related to the weather-the better the weather, the more positive externalities. B. in the case of trivial or zero transaction costs, negative externalities are more likely to appear. C. when transaction costs are high, positive externalities will be minimized. D. in the case of trivial or zero transaction costs, the property rights assignment does not matter to the resource-allocative outcome.
The Japanese yen will appreciate against the dollar if
A) U.S. residents demand more Japanese goods. B) U.S. residents demand fewer Japanese goods. C) Japanese residents demand more U.S. goods. D) none of the above.
Elasticity is always
a. measured in dollars b. measured in dollars per unit of quantity c. measured in units of quantity d. measured in units of quantity per dollar e. independent of the units of measurement