Prospective sunk costs
A) are relevant to economic decision-making.
B) are considered as investment decisions.
C) rise as output rises.
D) do not occur when output equals zero.
A
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The market supply curve indicates the
A. maximum prices that buyers are willing and able to pay for the product. B. total revenues that sellers would receive from selling various quantities of the product. C. minimum acceptable prices that sellers are willing to accept for the product. D. total amount that buyers will pay in buying a given quantity of the product.
The above table gives the initial balance sheet for Mini Bank. If the bank's desired reserve ratio is 10 percent, how much does this bank have in excess reserves?
A) $60 B) $90 C) $40 D) $10
Microcomputer software is a pure public good
a. True b. False
Refer to the information provided in Figure 1.3 below to answer the question(s) that follow.
Figure 1.3Refer to Figure 1.3. At Point A, what is the value of Y?
A. 10 B. 12 C. 15 D. indeterminate from this information