Refer to the data. The marginal cost of the fifth unit of output is:
A. $3.
B. $62.
C. $80.
D. $78.
C. $80.
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At lower interest rates the
A) money supply is lower. B) quantity of money demanded is higher. C) money supply is indeterminate. D) quantity of money demanded is lower.
Which might be an example of a positive externality?
A) Loud hip-hop music B) A dog gets loose from its master C) A lost wallet filled with twenty-dollar bills D) The rumbling of a Harley Davidson Low Rider motorcycle E) Any of the above, as long as they unintentionally benefit others
Toot Sweets Bakery sells freshly baked muffins from 6.30 am at $1.20 per muffin. By 4 pm, the remaining muffins are marked down to $0.60 each. Which of the following statements is true?
A) Toot Sweets is trying to minimize its loss. B) Toot Sweets engages in price discrimination; a higher price for those who cannot wait and a lower price for those willing to wait until 4 pm. C) Toot Sweets has underestimated the demand for its muffins. D) Toot Sweets is trying to prevent the opportunity to make arbitrage profit.
If Harry only pays $25,000 to purchase a new car even though he would have been willing to pay as much as $35,000 for the car, this indicates that
What will be an ideal response?