What's the most efficient way to get from New York to L.A.?
A) By plane
B) By train
C) By automobile
D) By foot
E) Any of the above might be, depending on one's circumstances.
E
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If you purchase a Treasury bond, the Treasury bond is
A) an asset to you as well as an asset to the U.S. government. B) an asset to you, but a liability to the U.S. government. C) a liability to you, but an asset to the U.S. government. D) a liability to you as well as a liability to the U.S. government.
Henri earned a salary of $50,000 in 2001 and $70,000 in 2006 . The consumer price index was 177 in 2001 and 265.5 in 2006 . Henri's 2006 salary in 2001 dollars is
a. $35,000.00. b. $46,666.67. c. $61,950.00 d. $105,000.00.
Under normal monopoly, P > MC, and so the marginal benefit to society of increasing output exceeds the marginal cost. This means that an increase in output will increase welfare.
Answer the following statement true (T) or false (F)
If a firm increases all of its inputs by 10 percent and its output increases by 10 percent, then:
A. it is encountering diseconomies of scale. B. it is encountering economies of scale. C. it is encountering constant returns to scale. D. the marginal products of all inputs are falling.