Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 4 hours per day
If she is following the marginal principle, what must her marginal benefit be?
A) $12 B) $18 C) $24 D) $30
C
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Answer the next question on the basis of the information in the following table.Money SupplyMoney DemandInterest RateInvestment (at interest rate shown)$400$6002%$7004005003600400400450040030053004002006200Suppose the legal reserve requirement is 10% and initially there are no excess reserves in the banking system. If the Fed wished to reduce the interest rate by 1 percentage point, it would ________.
A. sell $100 of government bonds in the open market B. sell $10 of government bonds in the open market C. buy $100 of government bonds in the open market D. buy $10 of government bonds in the open market
Which is the most accurate statement about trade?
a. Trade can make every nation better off. b. Trade makes some nations better off and others worse off. c. Trading for a good can make a nation better off only if the nation cannot produce that good itself. d. Trade helps rich nations and hurts poor nations.
A problem that often occurs when a public good is provided by private firms is
Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.
Figure 6.2Refer to Figure 6.2. Assume Mr. Lingle's budget constraint is AC. If the price of a gardenburger is $7.50, the price of a beer is
A. $3.75. B. $4.00. C. $7.50. D. $15.00.