Suppose that your marginal federal income tax rate is 30%, the sum of your marginal state and local tax rates is 5%, and the yield on thirty-year U.S. Treasury bonds is 10%
You would be indifferent between buying a thirty-year Treasury bond and buying a thirty-year municipal bond issued within your state (ignoring differences in liquidity, risk, and costs of information) if the municipal bond has a yield of A) 6.5%.
B) 7.0%.
C) 9.5%.
D) 10.0%.
B
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The average U.S. unemployment rate from 1948 has been about
A) 19.7 percent. B) 10.7 percent. C) 2.7 percent. D) 5.8 percent. E) 15.7 percent.
In the table above, if the wage rate is $12.00 per hour, the profit-maximizing number of workers is
A) 2. B) 3. C) 4. D) 5.
The firm in the figure above is in monopolistic competition. It will set a price equal to
A) $1. B) $2. C) $3. D) more than $3.
You hire a set of economic consultants and they tell you the following: At a price of $5, 24 units of the good could be sold; at a price of $7, 25 units of output could be sold. The marginal revenue of the 25th unit of output is
a. $14 b. $55 c. $6 d. $168 e. $175