An author who writes newspaper columns for $75 each is deciding whether to purchase a personal computer with a laser printer. She figures she'd be able to write two more columns per month than she could on her typewriter. She should
a. buy the computer if the monthly payment is less than $300
b. buy the computer regardless of its price
c. not buy the computer if the monthly payment is greater than $75
d. not buy the computer regardless of the price
e. buy the computer if the monthly payment is less than $150
E
You might also like to view...
A __________ exchange rate policy sets a fixed and unchanging value for the exchange rate against another currency.
a. soft peg b. floating c. hard peg d. defined
What are the reasons for unequal distribution of income? List at least six reasons
Refer to the data provided in Table 17.3 below to answer the following question(s). The table shows the relationship between income and utility for Terri.Table 17.3 IncomeTotal Utility $00$20,00010$40,00025$60,00045$80,00075Refer to Table 17.3. Suppose Terri has a 25% chance of becoming disabled in any given year. If she does become disabled, she will earn $0. If Terri does not become disabled, she will earn her usual salary of $80,000. Terri has the opportunity to purchase disability insurance for $20,000 which will pay her her full salary in the event she becomes disabled. Would Terri purchase such a policy?
A. yes B. no C. maybe D. indeterminate from the given information
If the equilibrium price of corn is 20 cents an ear and the government imposes a floor of 30 cents an ear, the price of corn will ______________________.
A. increase to 30 cents B. remain at 20 cents C. rise to about 25 cents D. be impossible to determine