Your school offers college seniors one "free" college course. Is this course also free to society?
A. Yes, because the seniors live in society.
B. Yes, because the school has satisfied the assumption of making a rational choice.
C. No, because if a college-senior takes the last seat in the class, t then a paying student will not have the opportunity to take it.
D. No, because some students will not take a free class seriously and will ultimately become less productive workers.
C. No, because if a college-senior takes the last seat in the class, t then a paying student will not have the opportunity to take it.
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If you wanted to understand how an economy grew without looking at the impact of inflation, you should use ________ to compare different times within the economy
A) real GDP B) nominal GDP C) the CPI D) the GDP deflator
What is a normal rate of return?
What will be an ideal response?
If a firm's output equals 10, product price equals $5.00, TFC = $8.00, and TVC = $60.00, then ATC would equal
a. $.80 b. $1.00 c. $6.00 d. $6.80 e. $8.00
Refer to the information provided in Figure 1.3 below to answer the question(s) that follow.
Figure 1.3Refer to Figure 1.3. At Point A the slope of the line is 3, so at Point D the slope would be
A. equal to 3. B. less than 3. C. greater than 3. D. indeterminate from this information.