The unemployment rate for managerial and professional workers tends to be high.
Answer the following statement true (T) or false (F)
False
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The magnitude of the slope of the budget line is the ratio of
A) a price to its quantity. B) a quantity to its price. C) two prices. D) two marginal rates of substitution.
If Papagna's Pizza Parlor knows that the marginal cost of the 500th pizza is $3.00 and that the average total cost of making 499 pizzas is $3.30, then
a. average costs are rising at Q = 500 b. average costs are falling at Q = 500 c. total costs are falling at Q = 500 d. average variable costs must be falling e. average variable costs must be rising
The Wilshire 5000 stock index is made up of the stocks of 5,000 of the largest U.S. companies
Indicate whether the statement is true or false
Jan's Dry Cleaning holds $10,000 on a typical day, although only $2,000 is essential for carrying out business. Making a midday deposit is estimated to reduce cash holdings to $8,000 and cost an extra $80 per year in lost production. If, in addition, an armored car service is engaged to pick up cash more frequently for a fee of $120 per year, cash holdings will be further reduced to $6,000 per day. Employing a computerized cash management service for an annual fee of $180 would reduce cash holdings further to $4,000. If any reduction in cash holdings will be invested in government bonds earning 3%, then how much money should Jan's hold?
A. $4,000 B. $8,000 C. $6,000 D. $10,000