According to the above table, if real Gross Domestic Product (GDP) is $25,000, planned saving equals
A. $2,000.
B. $4,000.
C. $5,000.
D. $3,000.
Answer: D
You might also like to view...
Assume a perfectly competitive industry is in long-run equilibrium at a price of $30. If this industry is an increasing-cost industry and the demand for the product increases, long-run equilibrium will be reestablished at a price
A. less than $30. B. of $30. C. greater than $30. D. either greater than or less than $30 depending on the magnitude of the decrease in demand.
________ reflects household willingness to pay, and ________ reflects the opportunity cost of the resources needed to produce a good.
A. Demand; price B. Price; marginal cost C. Price; average total cost D. Marginal utility; price
The graph above shows the demand and cost conditions facing a monopolist. What price will the monopolist set?
A. $20 B. $40 C. $60 D. $30 E. $50
Very Technical is a firm that sells computing equipment. It costs Very Technical $150 for each order of computer monitors and the variable cost of placing an order is $2 per monitor. Very Technical pays an annual holding cost of $8 per monitor. If Very Technical sells 4,000 computer monitors a year and they order 500 monitors, what is the total annual cost of the monitors?
A) $11,200 B) $9,500 C) $8,750 D) $12,500