If a bank grants you a mortgage, the mortgage is

A) an asset to you as well as an asset to the bank.
B) an asset to you, but a liability to the bank.
C) a liability to you, but an asset to the bank.
D) a liability to you as well as a liability to the bank.


C

Economics

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Loans are better than grants for higher education.

A. True B. False C. Uncertain

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Given the table below, what is the total fixed cost when 400 units of output are produced?  

A. $500 B. $2000 C. $5000 D. $3500 E. none of the above

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Number of FigsVCMCAVCFCTCATC0???100??19090????2?????1353??80???4????400?Table 8.4Table 8.4 presents the cost schedule for David's Figs. If David produces two figs, David's marginal costs are:

A. $80. B. $90. C. $100. D. $170.

Economics

When price is $6


A. there is a surplus.
B. there is a shortage.
C. there is both a surplus and a shortage.
D. there is neither a surplus nor a shortage.

Economics