If a pair-wise majority vote was held to determine which school project gets funded, the voters' preferences are shown in the table, and the gym and library are voted on first, which project will win in the end?
A. Library
B. Computer lab
C. Gym
D. It is impossible to predict which project would win.
B. Computer lab
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Which of the following is not a type of "lock-in" that acts as a barrier to entry into a particular market?
A) Pricing at or below the average cost of production. B) Purchases of durable goods. C) Loyalty programs. D) Specialized suppliers.
Marginal cost
A) cuts average variable cost and average fixed cost at their lowest point. B) cuts average variable cost and average total cost at their lowest point. C) rises and then falls. D) is the mirror image of marginal product.
Answer the following statements true (T) or false (F)
1. To calculate the rate of return on a particular bond, multiply the coupon rate by the interest rate, then add the result to the face value of the bond. 2. Equity is the monetary value that would remain after a house is sold and any bank loans repaid. 3. Accumulating hundreds of thousands of dollars by retirement is not an achievable goal even for a well-educated person who starts saving early in life. 4. Firms make and sell an astonishing array of goods and services, and an investor can receive a return on the company’s decisions by buying stock in that company. 5. In recent years, laws have been enacted in many states to discourage citizens from voting, rather than making it easier for them to vote.
Beginning in the mid-1970s, Congress deregulated several industries including airlines and trucking
a. True b. False Indicate whether the statement is true or false