A homeowner will be away from her house for six months. The monthly mortgage payment on the house is $1,000 . The owner's cost of utilities is $100 if the house is unoccupied but $300 if the owner rents it out. If the owner wishes to minimize her losses from the house while away, she should rent the house for as much as the market will bear, as long as monthly rent is greater than which of the
following? (Assume wear and tear to be zero regardless of whether the house is occupied.)
a. $200
b. $300
c. $1,100
d. $1,300
A
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Which of the following is not a function of the Federal Reserve System, or the "Fed"?
A) acting as a lender of last resort B) acting as a banker's bank C) taking actions to control the money supply D) insuring deposits in the banking system E) performing check clearing services
It is enough to show just that the poor have different behavior to confirm the culture of poverty hypothesis
Indicate whether the statement is true or false
What are the coordinates for the post-tax equilibrium demand?
a. $1.40 at QBT
b. $1.40 at QAT
c. $0.90 at QBT
d. $0.90 at QAT
Refer to Figure 10.1. If the level of real GDP is initially Y3, spending is ________ production and there is an unexpected ________ in inventories
A) greater than; increase B) greater than; decrease C) less than; increase D) less than; decrease