The monetary return on a college education is considered economic rent
a. True
b. False
Indicate whether the statement is true or false
False
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A profit-maximizing firm's daily total revenue is $155 with 3 workers, $200 with 4 workers, and $230 with 5 workers. The cost of each worker is $40 per day. The firm should
A. hire more than five workers. B. not hire a fourth worker. C. hire four workers. D. hire five workers.
GDP using the expenditure approach equals the sum of personal consumption expenditures plus
A) gross private investment. B) gross private investment plus government expenditure on goods and services. C) gross private investment plus government expenditure on goods and services minus imports of goods and services. D) gross private investment plus government expenditure on goods and services plus net exports of goods and services.
The supply curve shows
a. the same basic information as the demand curve. b. who will have an opportunity to produce or purchase an item. c. the quantity produced as a function of the price. d. plots of what quantities have been sold over the past few weeks or months.
All of the following are included in the right to control one's property EXCEPT
A) The right to sell the property to a neighbor B) The right to exclude the utilities' meter reader C) The right to erect "no trespassing" signs D) The right to enjoy profits from its ownership