Refer to the above table. The marginal utility of the 7th movie for Michael is
A. 35 units of utility.
B. 435 units of utility.
C. 20 units of utility.
D. 15 units of utility.
Answer: D. 15 units of utility.
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If, for a $1000 premium, you buy a $100,000 call option on bond futures with a strike price of 110, and at the expiration date the price is 114, your ________ is ________
A) profit; $4000 B) loss; $4000 C) profit; $3000 D) loss; $3000
A product can be classified as an inferior good if an increase in the income causes
a. A decrease in the quantity demanded b. A decrease in demand c. An increase in demand d. An increase in the quantity demanded.
What type of transaction does GDP not include?
Who asserted that "the Federal Reserve's job is to take away the punch bowl just as the party gets going?"
a. president George W. Bush b. president John F. Kennedy c. economist John Maynard Keynes d. former chairman of the Federal Reserve System William McChesney Martin