In the figure above, the redistribution from the consumers to the producer if the firm is a single-price, unregulated monopoly rather than a perfectly competitive industry is
A) zero.
B) $8.00 per day.
C) $16.00 per day.
D) $32.00 per day.
C
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According to the U.S. Bureau of Economic Analysis, by the third quarter of 2014, U.S. investors had accumulated ________ of foreign assets.
a. $24.6 billion b. $2.46 trillion c. $24.6 trillion d. $246 trillion
If Kahneman and Tversky are correct, I should
A. be indifferent which type of investment I make. B. buy individual stocks rather than put my money into a mutual fund. C. have opposite strategies depending on whether my investments will rise or fall. D. put my money in a mutual fund instead of individual stocks.
Which of the following statements concerning the supply of labor is true?
A. The wage rate has no effect on the quantity of labor supplied. B. The labor supply curve is downward sloping. C. The supply of labor is determined by the prevailing wage rate. D. The typical labor supply curve is upward sloping.
Refer to the information provided in Figure 6.7 below to answer the question(s) that follow.
Figure 6.7Refer to Figure 6.7. Along budget constraint AB, the price of good X is $25 and the price of good Y is $18. If the price of Y decreases to $14, the budget constraint will
A. pivot in at point B. B. pivot in at point A. C. shift in parallel to AB. D. pivot out at point A.