The Federal Reserve makes decisions regarding ________ policy while Congress makes decisions regarding ________ policy.
A. fiscal; monetary
B. structural; fiscal
C. monetary; fiscal
D. fiscal; structural
Answer: C
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The present value of a promise to pay $5,000 every year forever when the prevailing interest rate is 10 percent equals
a. $5,000 b. $50,000 c. $100,000 d. $250,000 e. $500,000
The existence of economies of scale is one reason oligopolies exist because
A) a firm is able to increase price leading to increased profits. B) the marginal cost decreases as output increases. C) of strategic dependence. D) as output increases average total cost decreases leading to large-scale firms.
For an individual who has special talent as a singer, a large proportion of her salary can be considered
A) a fixed cost. B) economic rent. C) a payment below opportunity cost. D) opportunity cost.
Refer to the information. The average fixed cost of 3 units of output is:
The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question.
A. $13.33.
B. $12.50.
C. $40.
D. $18.50.