Which of the following individuals will undertake extensive research before making their choice?
a. A person planning to buy a new house
b. A homemaker purchasing daily groceries
c. A person searching for a present before attending a birthday party
d. A student buying academic books as recommended by the faculty
A
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Why might stockholders be upset to find out that their company's profits that otherwise would have been distributed as dividends are instead invested in U.S. Treasury bonds?
What will be an ideal response?
Robert Tadmur exports processed turkey and has an upward sloping supply curve. The supply curve indicates that Robert faces a marginal cost of $0.25 or less per pound for supplying the first few pounds. But every producer in this market sells turkey at the market clearing price of $0.50 per pound. The difference between the actual amount that Robert receives and what he would accept to supply the
market clearing quantity is called a. consumer surplus b. importer surplus c. producer surplus d. trade deficit e. average variable cost
According to 2014 data on the U.S. population, which of the following groups of teenagers (ages 16-19) had the lowest unemployment rate?
a. white males b. white females c. black males d. black females
The slope of the budget line is equal to the ratio of:
A. marginal utilities. B. money income to the price of the good on the horizontal axis. C. money income to the price of the good on the vertical axis. D. price of the good on the horizontal axis to the price of the good on the vertical axis.