The opportunity cost of one more slice of pizza in terms of sodas is the
A) total number of sodas that we have divided by the total number of pizza slices that we have.
B) price of a pizza slice minus the price of a soda.
C) number of pizza slices we have to give up in order to get one extra soda.
D) total number of pizza slices that we have divided by the total number of sodas that we have.
E) number of sodas we have to give up in order to get one extra pizza slice.
E
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The following data relate to the supply schedule of a product.PriceQuantity Supplied$51001020015250203002535030500Using the regular percentage change formula, what is the price elasticity of supply when price increases from $15 to $20?
A. 0.2 B. 1 C. 0.6 D. 0.5
Refer to the accompanying figure.
Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. B; C B. D; C C. D; B D. A; B
The largest portion of any nation's current account is typically
A) imports and exports. B) gold sales. C) the sale of U.S. assets. D) SDRs.
Bundling is used to raise total revenue
Indicate whether the statement is true or false