Sam McGarrity inherited $500,000 upon his favorite aunt's death. After this event it was observed by the local butcher that Sam was purchasing more steaks than in the past even though the butcher's advertising had provided no new information about his steaks in the past year. Most likely,
a. the relative cost of the butcher's steaks decreased
b. the relative cost of the butcher's steaks increased
c. Sam had seen industry ads about the benefits of red meat
d. Sam's indifference map shifted
e. Sam's income increased
E
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Refer to Figure 16-6. If Sensei acts as a monopolist, his profit-maximizing price is ________ and the number of classes sold is ________
A) P1; Q1 B) P0; Q1 C) P0; Q0 D) P1; Q0
Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The coupon rate for bond D is
A. 11 percent. B. 2.9 percent. C. 3.2 percent. D. 0.03 percent.
Which of the following would tend to decrease the demand for carpenters?
a. An increase in the wages of carpenters. b. An increase in the price of houses. c. A decrease in the demand for houses. d. An increase in the supply of carpenters.
The supply of euros would come from
A. American demand for European real estate. B. European demand for U.S. government bonds. C. Americans vacationing in Barcelona, Spain. D. French supplies of wine to U.S. importers.