Private investment expenditure, which is a flow, affects the stock of capital
a. True
b. False
A
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Refer to Figure 15-8. Use the figure above to answer the following questions
a. Identify the curves labeled A and B. Identify the curve which contains both point Y and point Z. Identify the curve which contains both point V and point W. b. What is the profit-maximizing quantity and what price will the monopolist charge? c. What area represents total revenue at the profit-maximizing output level? d. What area represents total cost at the profit-maximizing output level? e. What area represents profit? f. What is the profit per unit (average profit) at the profit-maximizing output level? g. If this industry was organized as a perfectly competitive industry, what would be the profit-maximizing price and quantity? h. What area represents the deadweight loss as a result of a monopoly?
Which scenario has a higher present discounted value (assume interest is compounded annually); $100 received in 3 years if the interest rate is 8% or $90 received in 2 years if the interest rate is 7.25%?
A. $100 owed in 3 years B. $90 owed in 2 years C. Both scenarios have the same present discounted value. D. It cannot be determined with information provided.
Which of the following are examples of job amenities?
a. a child-care center at work b. a pleasant view c. a workplace gymnasium d. all of the above
The dilemma in a prisoner's dilemma is that:
A. the players would be better off if they both played a dominated strategy. B. only one player has a dominant strategy, but the other player is uncertain about what to do. C. the outcome is random, so players are uncertain about which strategy to play. D. the players may be trapped in a game they don't know how to play.