Refer to the table representing Darcy's bank account. Assuming that $1,000 was deposited into her account at the beginning of year 1, and no further deposits or withdrawals were made, what interest rate is being paid on Darcy's account?
A. 6 percent.
B. 6.4 percent.
C. 19.1 percent.
D. 60 percent.
A. 6 percent.
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Suppose a farmer is a price taker in soybeans with cost functions given by TC = .1q2 + 2q + 100 MC = .2q + 2 Suppose the farmer has to purchase a license for $50 per period in order to stay in business. In this case, its marginal cost function is
a. still MC = .2q + 2 b. MC = .2q + 50 c. MC = .2q + 52 d. MC = 50
Explain the following statement: "Good decisions typically require marginal analysis, which weighs added costs against added benefits."
The Federal Reserve conducts
A. only monetary policy. B. only fiscal policy. C. both monetary and fiscal policy. D. neither monetary nor fiscal policy.
Suppose the supply of good X is given by QSx = 10 + 2Px. How many units of good X are produced if the price of good X is 20?
A. 30. B. 20. C. 10. D. None of the statements associated with this question are correct.