How much is the APS when disposable income is $10 billion?
-$2 billion/$10 billion = -2/10 = -.2
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The profit earned by a monopolistic competitor after the entry of new firms is ________
A) higher than the profit earned by the firm before the entry of new firms B) lower than the profit earned by the firm before the entry of new firms C) equal to the profit earned by a monopolist in the long run D) higher than the profit earned by a perfect competitor in the long run
A bond has a current market value of $800. The holder of the bond will receive a single payment of $1,000 one year from now. The interest rate is 10 percent. The effective yield on the bond is:
A) $200. B) 10 percent. C) 25 percent. D) negative. E) The yield cannot be determined with the information provided.
M2 is both larger and less liquid than M1
a. True b. False Indicate whether the statement is true or false
In the short run, marginal cost is positive and increasing at output levels where total variable cost is ________ at a(n) ________ rate.
A. decreasing; increasing B. increasing; increasing C. decreasing; decreasing D. increasing; decreasing