Use the figure below to answer the following question.
If actual production and consumption occur at Q2
A. there is deadweight loss of d.
B. there is deadweight loss of f.
C. consumer surplus and producer surplus is maximized.
D. economic surplus is below the maximum.
Answer: C
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The real interest rate has a positive relationship with the supply of loanable funds
Indicate whether the statement is true or false
If the foreign exchange rate is 70 cents for one Swiss franc, then
A) a car that costs 40,000 francs will cost $7,143.00. B) a wine that costs 200 francs will cost $14.00. C) a clock that costs 500 francs will cost $350.00. D) a house that costs 100,000 francs will cost $700,000.00.
In the above figure, what is the AVERAGE total cost of producing 10 units of output?
A. $4 B. $8 C. $12 D. $50 E. $360
Refer to the above figure. The marginal propensity to consume and the marginal propensity to save
A. are 0.10 and 0.10, respectively. B. are 0.75 and 0.75, respectively. C. are 0.15 and 0.95, respectively. D. depend on the level of income.