On the Internet you find the following offers for opening an online account. Which of them is the best offer if you have $2,000 to save for two years?
a. an interest rate of 5 percent, with the bank charging you a $15 processing fee at the time you open your account
b. an interest rate of 3.5 percent, with the bank giving you a $35 bonus to open your account
c. an interest rate of 4 percent, with the bank giving you a $20 bonus at the time you open your account
d. an interest rate of 4.5 percent, with no processing fee and no bonus
a
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Refer to the table below. The perfectly competitive firm has a random demand with a 50 percent chance of being $7 and a 50 percent chance of being $9. What quantity should the firm produce to maximize its expected profit?
The above table summarizes the marginal cost of production at various quantity levels for a perfectly competitive firm.
A) 130
B) 110
C) 120
D) 140
The term pork-barrel legislation refers to
a. government spending programs financed with user charges. b. the exchange between legislators of their votes on issues. c. legislation that bundles together a number of projects, each benefiting local interests at the expense of general taxpayers. d. the actions of legislators who are willing to trade their political votes for campaign contributions from special interest groups.
Suppose that the demand for artichokes (Qa) is given as: Qa = 200 - 4P. Suppose that the price of artichokes is increased slightly from $10. The total expenditure by consumers on artichokes will ________ and the number of artichokes sold will ________.
A. rise; rise B. fall; fall C.fall; rise D. rise; fall
Consumers can avoid excess tax burden by purchasing more goods that are exempt from sales taxes.
Answer the following statement true (T) or false (F)