The above figure shows the demand curve for movie rentals from Redbox. At which of the following prices does Redbox have the maximum total revenue?
A) $5.00
B) $3.50
C) $2.50
D) $0.00
C
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Figure 3.2 shows the total cost and total benefit curves for a professional guitarist. If the guitarist is currently practicing 1 hour per day, then:
A. she should practice more because net benefits would increase. B. she should practice less because net benefits would decrease. C. she should practice less because net benefits would increase. D. she should practice more because net benefits would decrease.
A subsidy:
A. has a larger impact on a market than a tax of the same amount. B. has a smaller impact on a market than a tax of the same amount. C. is the reverse of a tax. D. has the same impact on a market as a tax.
Refer to Table 2-16. What is Estonia's opportunity cost of producing one board foot of lumber?
A) 0.2 cell phones B) 5 cell phones C) 8 cell phones D) 32 cell phones
The president of the Federal Reserve Bank of which district has a permanent vote in the Federal Open Market Committee?
a. San Francisco. b. New York. c. Chicago. d. Atlanta e. Boston.