Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect the
What will be an ideal response?
equilibrium quantity to rise and the change int he equilibrium price to ambiguous.
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Those in the poorest countries consume only half the calories of those in high income countries
Indicate whether the statement is true or false
Figure 10-2
Figure 10-2 shows demand and short-run cost curves for a perfectly competitive firm. At its profit-maximizing output, the firm's total ____ is represented by area ____.
a.
loss; GBHC
b.
profit; ADGHC
c.
loss; ADEC
d.
profit; EGH
In the case of a currency union, what is a nominal anchor?
A) It is the weight of the efficiency loss from changing to a common currency. B) It is an independent value, such as the value of the common currency unit, constraining the ability of a nation to inflate its currency and prices. C) It is a nominal measure of GDP that is not the same as the measure for real GDP. D) It links that nation to other members of the currency union and permits no trade or financial relationships outside the union.
Calculate the internal rate of return for a machine that costs $500,000 and provides annual revenue of $115,000 per year for 5 years. You can assume all revenue is received once a year at the end of the year.
What will be an ideal response?