Caroline is an artist. She purchases canvas, paints, brushes, and accessories for $75. She sells one of her original paintings to an art gallery for $1,500, even though an art lover would pay $4,500 for that painting
How much value does Caroline add?
A) $75 B) $1,425 C) $1,500 D) $4,425
B
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Suppose you could measure the value in monetary terms for the following three things that you could do with your time this Friday evening: a) doing your homework - $50, 2) spending time with your friends - $40 or c) taking a nap - $30
Armed with only this information which activity has the lowest opportunity cost? Which two activities have the same opportunity cost? Based on what you have discovered what is the best use of your time and why?
During business contractions, the growth rate of Solow residuals is ________
A) near or below zero B) well above zero C) approaching infinity D) impossible to calculate
AIG provide CDS against
A) insolvency. B) default risk. C) illiquidity. D) none of the above
A sure sign of the existence of an underground market for rent-controlled apartments in New York City is that
A. some apartments are subleased from the dead. B. apartment dealers work alongside drug dealers on its city streets. C. an open bribe must be paid to the mayor to get a rent-controlled apartment. D. rents are high.