What most frightens investors in the stock market is
A. the possibility of losing their investments.
B. the possibility of gaining too much from their investments, and the resultant tax consequences.
C. the possibility that the prices of many investments may collapse simultaneously.
D. the possibility that a company that they have invested in will go bankrupt.
Answer: C
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The above table gives the total cost schedule for oil changes at the local Jiffy Lube
a. What is Jiffy Lube's total fixed cost? b. What is the total variable cost of 2 oil changes? c. What is the average variable cost of 4 oil changes? d. What is the average fixed cost of 2 oil changes? e. What is the marginal cost of the 3rd oil change?
There are two techniques of egg production: free range (where hens roam around the farm) or factory (where hens are fed and watered in wire cages). The free range technique has a much more elastic supply curve than the factory technique
When the demand for eggs falls: A) egg production using the factory technique falls less than with the free range technique. B) egg production using the factory technique falls more than with the free range technique. C) the production using both techniques falls by the same amount. D) the factory egg producers supply curve shifts inward. E) the free range egg producers supply curve shifts inward.
If the exchange rate falls, U.S. residents pay
a. more dollars for foreign bonds and get more dollars from interest payments. b. more dollars for foreign bonds but get fewer dollars from interest payments. c. fewer dollars for foreign bonds and also get fewer dollars from interest payments. d. fewer dollars for foreign bonds but get more dollars from interest payments.
The condition P = MC implies that an individual who values the product at P will receive
A. positive consumer surplus. B. no consumer surplus. C. only producer surplus. D. negative consumer surplus.