The speculative demand curve for money is:
a. downward sloping.
b. upward sloping.
c. vertical.
d. horizontal.
e. spiral.
a
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Which of the following is an example of comparative statics?
A) The estimation of the supply of a good when the wage rate of labor changes from $30 to $10 per hour B) The estimation of the ideal number of workers a firm should hire when wage rate is $20 per hour C) The estimation of the quantity demanded of a good when its price is $5 D) The estimation of the demand for a particular good when consumer income is $10
Which of the following taxes is collected only by the federal government?
A) Corporate income tax B) Social insurance tax C) Property tax D) Excise tax
Using the table, Fred's marginal cost of the 200th slice of pizza is
A) $2.50. B) $6. C) $0.50. D) $20.
Refer to Figure 16-3. Suppose Chantal practices price discrimination. Which of the following statements is true?
A) By charging different prices in markets A and B, Chantal can transfer some producer surplus into economic profit. B) Chantal's profits will be higher if she has uniform pricing instead of different prices for different groups of customers. C) By charging a higher price in market B, Chantal has transferred some of the consumer surplus from customers in market B to customers in market A. D) By charging a higher price in market B, Chantal can convert some consumer surplus into economic profit.