The marginal utility of his third action figure would be
Table-Demand and Utility Table for action figures
A. $10.
B. $12.
C. $14.
D. $36.
A. $10.
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We go from Gross to Net Domestic Product by
A) adding depreciation to GDP. B) subtracting depreciation from GDP. C) adding indirect business taxes to GDP. D) subtracting indirect business taxes from GDP.
Suppose we know the following about a lawn repair business: wages $15,000, profits $4,000, tax $ 3,000, parts $ 9,000. What is the contribution to GDP of this business using the product approach?
A) $31,000. B) $27,000. C) $26,000. D) $22,000.
In late 2008, Wal-Mart agreed to settle 63 of the over 70 lawsuits filed against them across the United States, paying out ____________ million.
A. less than $125 B. between $125 and $250 C. between $352 and $640 D. over $800
Assume the market was in equilibrium in the graph shown. If the market price were set to $6, which of the following is true?
A. For those still interacting in the market, some surplus is transferred from seller to buyer. B. Producers gain the surplus of those buyers who dropped out of the market. C. For those still interacting in the market, some surplus is transferred from buyer to seller. D. Consumers gain the surplus of those sellers who dropped out of the market.