comparing M1 and M2 we know that
What will be an ideal response?
M2 IS Larger because it contains M1 and other assets
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Simon is given a free ticket to see Coldplay Saturday night. He already has a ticket to see Sting in concert that night. The Sting ticket cost Simon $50 though he would have paid as much as $80 to go to the show
Simon knows that he can easily sell the Sting ticket on Craigslist for $60. What is his opportunity cost of seeing Coldplay?
Net utility is
a. equal to total utility from the quantity acquired of a good minus the utility lost by having to pay for it. b. equal to the sum of the marginal utilities. c. equal to an optimal number easily calculated by the consumer. d. always greater than total utility.
Which statement is true?
A. Virtually everyone agrees that the federal minimum wage rate should be raised. B. Virtually everyone agrees that the federal minimum wage rate is currently too high. C. Many people believe that the federal minimum wage rate is too high, while many others believe it is too low. D. Most people agree that the federal minimum wage rate is just about at the right level.
Suppose that the only input used in the generation of solar energy is sunlight and has a zero cost. The average total cost of producing electricity is:
A. zero. B. equal to the marginal cost. C. equal to the average fixed cost. D. immeasurably high.