If a can of soda costs $1.00 today, how much would it cost in two months if the prices go up by 50 percent per month?
A. $2.25
B. $1.50
C. $2.00
D. $2.50
Answer: A
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The above table shows the short-run total product schedule for the campus book store. What is the average product (AP) of the 4th employee?
A) 58 books sold B) 14.5 books sold C) 18 books sold D) 13.3 books sold
The wealth effect says that if there is an increase in the price level, you will:
A. experience some reduction in your level of wealth as a result. B. experience some increase in your level of wealth as a result. C. typically spend more on all goods and services as a result. D. typically shift your spending to assets from consumption goods.
Who owns the Fed?
a. the federal government b. the 50 state governments c. the District Federal Reserve Banks d. it has no ownership, which is why it is called independent e. member banks
If production displays diseconomies of scale, the long-run average cost curve is
A) above the short-run average total cost curve. B) above the long-run marginal cost curve. C) upward sloping. D) downward sloping.