How much is this firm's output?
80
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If a single person has a standard deduction of $6,300, itemized deductions of $6,650, and a personal exemption of $4,000, then the first ________ of income is federal income tax free.
A. $10,300 B. $10,650 C. $16,950 D. $12,950
All of the following statements about the free market equilibrium output are equivalent except:
a. Total surplus is maximized. b. There is zero dead-weight loss. c. There are no allocations that a Pareto preferred. d. There is positive dead-weight loss.
Teenagers drink more soda than other age groups. If the number of teenagers increases, everything else remaining the same,
A) market demand for soda does not change. B) market demand for soda increases. C) there is a movement along the market demand curve for soda. D) market demand for soda decreases. E) None of the above answers is correct because the effect on the demand depends whether the supply curve shifts rightward, leftward, or not at all.
Refer to Table 25-3. Consider the above simplified balance sheet for a bank. If the required reserve ratio is 10 percent, the bank can make a maximum loan of
A) $2,000. B) $5,000. C) $6,300. D) $45,000.