Two reasons why valuing goods at their market prices is different than valuing them at their factor costs include
A) depreciation and investment.
B) exports and imports.
C) personal taxes and corporate taxes.
D) indirect taxes and subsidies.
D
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A monopoly always operates on the elastic portion of its demand curve
Indicate whether the statement is true or false
When a resource has a perfectly inelastic supply curve
A) the amount of economic rent for this resource is determined by its supply. B) the amount of economic rent for this resource is determined by demand for the resource. C) the amount of economic rent for this resource is determined by the government. D) there is no economic rent being earned by this resource.
A decrease in the reserve requirements causes
A. reserves to rise. B. reserves to remain the same. C. the money multiplier to rise. D. the money multiplier to fall.
A manager is attempting to assess the probability of a recession ending in the next six months and its impact on expected profitability. The manager believes there is a 33 percent chance the recession will end in six months and profits will return to $100 million. However, there is a 67 percent chance the recession will not end in six months, resulting in a $7 million loss. The standard deviation of profits over the next six months is:
A. $0 million. B. $57.40 million. C. $28.31 million. D. $50.31 million.