Refer to Table 21-2. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?
A) -1% B) 1% C) 2% D) 4%
D
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Which of the following is TRUE regarding money market mutual funds?
I. Money market mutual funds buy highly liquid assets like Treasury bills. II. Shareholders can obtain loans from money market mutual funds. A) I only B) II only C) both I and II D) neither I nor II
For a two-part tariff imposed on two consumers, the entry fee is based on the:
A) consumer surplus of the customer with lower willingness-to-pay. B) consumer surplus of the customer with higher willingness-to-pay. C) simple average of the consumer surplus for the two buyers. D) none of the above
A change in the price of a good causes: a. a change in the quantity demanded and therefore results in a movement along the given demand curve for the good. b. a change in demand and therefore results in a movement along the given demand curve for the good
c. a change in the quantity demanded and therefore results in a shift in the demand curve for the good. d. a change in demand and therefore results in a shift in the given demand curve for the good.
When price is $10 the monopolist can sell 100 units. In order to sell 101 units, the price must fall to $9 . Which of the following is the monopolist's marginal revenue from selling the 101st unit?
a. -$91. b. $10 c. $99 d. $909