Which of the following is considered a microeconomic topic?
A. The review of quarterly national income accounting data
B. A firm’s decision to purchase pay-per-click online advertising
C. The Federal Reserve decides to increase the discount rate
D. The CPI reports a rise in inflation during July
B. A firm’s decision to purchase pay-per-click online advertising
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Suppose the table below describes the relationship between price and quantity demanded for a monopolist.QuantityPrice1$102$93$84$75$66$57$48$3 The marginal revenue of the fifth unit of output is:
A. $2. B. $30. C. -$2. D. $6.
Fixed exchange rate regimes
A) existed prior to the nineteenth century but were then superseded by the gold standard. B) lower the transactions costs of buying and selling goods and assets. C) result in higher world interest rates. D) were first established by the GATT in 1971.
Which of the following is the most likely to be a variable factor of production at a university?
A. The location of the university B. The size of the student union C. The number of librarians D. The size of the football stadium
The consumer faces a budget constraint because the market price of X is $3, the market price of Y is $3, and the consumer's budget is $90. In order for this consumer to choose the corner solution at point E, which of the following must occur?
A. price of Y must rise to $6. B. price of X must rise to $6. C. price of Y must rise to $9. D. price of X must rise to $9.