Which of the following is an implicit cost of going to college?
a. Tuition.
b. Books.
c. Lost income.
d. Future income.
e. Room and board.
c
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Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product0015220332442550655758858956Marginal product is zero when the total product is
A. 58. B. 5. C. 0. D. 56.
The figure above shows the housing market in the city of Appleville. A rent ceiling of $650 per month is imposed. With the rent ceiling, the quantity of housing rented in Appleville is
A) 200 units below the efficient level. B) 100 units above the efficient level. C) 300 units below the efficient level. D) efficient.
Economists are still puzzled why growth rates in the United States fell from 1973 to 1995
a. True b. False Indicate whether the statement is true or false
Excess reserves that are voluntarily held by institutions are called:
a. Customary reserves. b. Bank equity. c. Normal reserves. d. Funny money. e. Federal funds.