If the U.S. dollar and Mexican peso exchange rate shows that one peso is worth $0.12, then an American computer that costs $1,500 would be worth how many Mexican pesos?
A. 125 pesos
B. 1,250 pesos
C. 12,500 pesos
D. 25,000 pesos
C. 12,500 pesos
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To produce 10 shirts, the total cost is $80; to produce 11 shirts, the total cost is $99. The marginal cost of the 11th shirt is equal to
A) $8. B) $9. C) $80. D) $99. E) $19.
Today, the Federal Reserve System can contract the money supply by
(a) increasing the discount rate. (b) increasing reserve requirements. (c) selling U.S. Treasury and federal agency securities. (d) engaging in all of the above.
Which of the following addresses agency costs
a. advertising for employee positions in as many outlets as possible b. hiring only from job fairs c. spot checks of the quality of employee work d. reducing the number of holidays
If the price elasticity of demand for football tickets is estimated to be 4.5, then a 10 percent increase in football ticket prices would be expected to cause a:
a. 4.5 percent decrease in quantity demanded. b. 4.5 percent increase in quantity demanded. c. 45 percent decrease in quantity demanded. d. 45 percent increase in quantity demanded. e. 450 percent increase in quantity demanded