The mean income of 25 employees working in a firm is $1,754 per month. What is the total income of all the employees?
A) $63,950 B) $43,850 C) $56,225 D) $40,000
B
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When negative externalities are present, it means that:
A. production and consumption is above the socially optimal level. B. individuals don't take into account all the costs associated with their market choice. C. society bears part of the cost borne of private transactions. D. All of these statements are true.
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
According to the graph shown, if this economy were to open to trade, the amount consumed domestically would:
A. increase by 35. B. decrease by 90. C. decrease by 35. D. increase by 90.
If investment is larger than depreciation, the capital stock decreases.
Answer the following statement true (T) or false (F)
Refer to the graph below showing the revenue curves for a monopolist. Total revenue will be greatest at what output level?
A. Q1
B. Q2
C. Q3
D. Q4