Refer to the table below. The equilibrium dollar price of a euro in the above market would be:
The following table gives hypothetical data on the dollar price of Euros.
A. $1.00
B. $1.05
C. $1.10
D. $1.15
C. $1.10
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Which of the following statements does not explain why US health care expenditures are higher than in other countries?
A) Government policies have shifted the health care production function downward over time. B) Consumer incomes have increased, which allows consumers to purchase more health care. C) The US health care system is relatively inefficient compared to other countries. D) Demand for health care in the US has increased, so health care production occurs at a higher point on the total product curve than in other countries.
If the principal amount of a bond is $2,000,000, the coupon rate is 6 percent , and the inflation rate is 4 percent, then the annual coupon payment made to the holder of the bond is:
A. $80,000. B. $40,000. C. $120,000. D. $12,000.
If John's marginal benefit derived from the consumption of another candy bar is greater than the price of the candy bar:
A. John will not purchase any more candy bars. B. John will increase his total satisfaction by purchasing the candy bar. C. the opportunity cost of the candy bar is lower than the price. D. John will decrease his total utility if he purchases the candy bar.
Short-run profits are maximized at the rate of output where
A. Marginal revenue is equal to marginal cost. B. Marginal revenue is zero. C. Average total costs are minimized. D. Total revenue is maximized.