In the figure above, if the government provides the efficient amount of education, what is the tuition?
A) $10,000 per year
B) $14,000 per year
C) $8,000 per year
D) $6,000 per year
C
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The following table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase.CPUGHzTotal BenefitMarginal BenefitTotal CostsMarginal Costs2.0$1,000 $900 2.5$1,400 &1003.0 $300$1,200 3.5$1,900 &1,500 4.0$2,000 &400The marginal benefit of upgrading from a 2.0GHz computer to a 2.5GHz computer is:
A. $400. B. $1,400. C. $1,000. D. $100.
Approximately 60 percent of the funds flowing to nonfinancial businesses come from ________
A) hedge funds B) financial intermediaries C) organized exchanges, like the New York Stock Exchange D) insurance companies
If the interest rate rises, the present discounted value of a stream of payments owed in the future:
a. rises. b. stays constant. c. falls. d. may rise or fall depending on the shape of the stream.
Canada is a major world producer and exporter of wheat and a great percent of its GDP is derived from this one good. The Canadian parliament may vote to restrict trade and justify its restrictions using the
a. cheap foreign labor argument b. antidumping argument c. national security argument d. infant industries argument e. diversity of industry argument