Your weekly budget for gasoline and movie rentals is $45.00. Referring to the figure above, what is the price per movie rental?
A) $2.00
B) $2.25
C) $2.50
D) $3.00
D
You might also like to view...
Money payments made by governments to individuals for which no services or goods are concurrently rendered are known as
A) transfer payments. B) government-sponsored payments. C) government-inhibited payments. D) black market payments.
Which of the following is true for perfect competition, monopolistic competition, and monopoly?
a. The product of all firms is homogeneous. b. Firms will earn zero economic profits in the long run. c. Short-run profits are maximized when marginal cost equals marginal revenue. d. All of these.
Select the graph above that best shows the change in the market specified in the following situation: In the market for chicken, when the price of a substitute, such as beef, decreases.
Graph A Graph B Graph C Graph D
As the MPC increases, the absolute value of the tax multiplier increases.
Answer the following statement true (T) or false (F)