Refer to the scenario above. What is the present value of Option B?
A) $2,463.66
B) $3,267.99
C) $4,157.46
D) $5,800.79
C
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Bonzo is in business for himself making and selling Easter baskets. His daily cost for wicker is $100 and his daily revenue is $120. Bonzo quit his job at the Basket Weaving factory where he earned $15 a day, to enter the Easter basket business. Given this information, we know that his accounting profit
a. is $120 and his economic profit is $105. b. and economic profit are both $20. c. is $20 and his economic profit is $5. d. and economic profit are both $5.
If the relationship between the monetary aggregate and the goal variable is weak, then
A) monetary aggregate targeting is superior to exchange-rate targeting. B) monetary aggregate targeting is superior to inflation targeting. C) inflation targeting is superior to exchange-rate targeting. D) monetary aggregate targeting will not work.
Risk-averse people cut their risks by:
a. diversifying their wealth into physical assets. b. investing their wealth into similar kinds of assets. c. investing their wealth only in risk-free assets. d. diversifying their wealth into different assets.
Answer the following statement(s) true (T) or false (F)
1. Welfare effects are the gains and losses associated with government intervention in markets 2. Without a tax, tax revenues are zero. 3. When a tax gets larger, deadweight loss gets much smaller. 4. Other things being equal, the more elastic the demand or the supply curve, the smaller the eadweight loss. 5. The Law of Increasing Opportunity Cost refers to the condition where the opportunity cost of producing additional units of a good rises as society produces more of that good