Given their skills, a college graduate may be perceived as a good manager of time and the better fit for a managerial job than a high school graduate. This is an example of:
A. the learning effect of a college education.
B. the signaling effect of a college education.
C. the discriminatory effect of a college education.
D. All of these
Answer: B
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Refer to Monopoly Problem. This monopoly will receive producer surplus of
Consider a monopoly with constant marginal costs of $20. Consumers in the market for this monopoly’s product have demand of Q = 100 - 2P. a. $0 b. $225 c. $450 d. $900
If, as your taxable income decreases, you pay a larger percentage of your taxable income in taxes, then the tax is
A) regressive. B) progressive. C) proportional. D) unfair.
The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell a MP3 player is $10. If he signed a fixed-fee rental contract with the store owner and pays $400 as the rent,
A) Nick will sell 20 MP3 players. B) Nick will sell 30 MP3 players. C) Nick will sell 40 MP3 players. D) Nick will sell 50 MP3 players.
How does U.S. gross domestic product (GDP) differ from U.S. gross national product (GNP)?
a. GNP = GDP - losses from depreciation b. GNP = GDP + income earned by U.S. citizens abroad - income that foreign citizens earned in the U.S. c. GNP = GDP + transfer payments to households + - indirect sales taxes d. GNP = GDP - depreciation - retained earnings