Wanda Rumble promotes boxing matches. She makes $6,500 per fight. Which cost is most relevant to a decision as to whether to promote one more fight?
a. the total cost of promoting all boxing matches during the year
b. the marginal cost of promoting one additional boxing match
c. the average fixed cost of promoting a boxing match
d. the average total cost of promoting a boxing match
b
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Refer to the scenario above. Which investment option will a risk-seeking individual choose?
A) He will choose to invest in Option A. B) He will choose to invest in Option B. C) He will choose to invest in Option C. D) He will be indifferent in investing in any of the three options.
In the inverted-U theory of R&D, which of the following industry concentration ratios would be most conducive to R&D (as a percentage of firm sales)?
A. 1 percent. B. 10 percent. C. 50 percent. D. 70 percent.
There are a number of reasons why labor supply curves will shift in a particular industry. Which one of the following is NOT one of them?
A) Changes in working conditions in an industry affect the labor supply curve. B) job flexibility that determines the position of the labor supply curve C) There is a change in the market wage rate. D) Taxes on labor affect the labor supply curve.
If the public is not sure about the central bank's motives, then
A. modern macroeconomic modeling techniques will fail. B. initial releases of data may be less accurate than later data releases. C. central bankers should try to stabilize the inflation rate. D. the predominant source of shocks to the economy must be shocks to the LM curve.