Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same.
B. at any of the labeled points, as all of the points represent an efficient allocation of resources.
C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced.
D. indeterminate from this information, as we don't have any information about the society's desires.
Answer: D
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The phrase “capital formation” is synonymous with
A. investment spending. B. buying shares of stock. C. creating mutual funds. D. purchasing financial assets.
Bill's income is $1,000 and his net taxes are $350. His disposable income is
A. $1,350. B. $750. C. $650. D. -$350.
Assuming the nominal interest rate is equal to 0, rank the following three sequences of payments according to their present value:
Sequence "A": $190, $200, $210 Sequence "B": $200, $200, $200 Sequence "C": $210, $200, $190 Group of answer choices A. A>B>C. B. A>C>B. C. C>B>A. D. B>A>C. E. None of the above.
Robert is a doctor who earns an average hourly wage of $80. His wife is a teacher and earns an average hourly wage of $35. His daughter works in her college library and earns $12 per hour while his son is a lawyer and earns $60 per hour
If one of them must stay back at the house on a working day to look after their ailing pet, who can do it at the lowest opportunity cost? A) His son B) Robert C) His wife D) His daughter Mike and John work as waiters in a restaurant. Mike can efficiently wait on 10 customers per hour while John can efficiently wait on 7 customers per hour. The restaurant also has a bar. If both of them work as bartenders, Mike is able to serve 9 customers per hour while John is able to serve 10 customers per hour.