The U.S. Gini ratio for income has ________ within recent decades, which means economic inequality has ________
A) decreased; increased
B) decreased; decreased
C) increased; decreased
D) increased; increased
D
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Use the following graph to answer the question below.
The quantity where marginal benefit equals marginal cost is
A. 290. B. 200. C. 130. D. 0.
A price searcher can move its marginal revenue curve closer to its demand curve if it can
A) achieve significant economies of scale. B) charge different buyers different prices for the same good. C) price at the point of unit demand elasticity. D) produce at constant marginal cost. E) set marginal revenue equal to marginal cost.
The price of a new portable CD player falls from $100 to $90 . The quantity of CD players demanded rises from 15,000 per year to 20,000 per year. Use the midpoint formula to calculate the price elasticity of demand for portable CD players
Is the demand elastic, inelastic, or unit elastic?
Projects with a positive NPV create
a. economic profits since they earn a return higher than the company's cost of capital b. economic profits since they earn a return lower than the company's cost of capital c. accounting profits only since they earn a return higher than the company's cost of capital d. accounting profits only since they earn a return lower than the company's cost of capital