Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
Refer to Table 22.6. The bundle price for the goods in period 2014 is
A. $41.00.
B. $50.50.
C. $57.50.
D. $100.00.
Answer: A
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If the interest rate is 20 percent, $100 to be received four years from today has a present value of approximately
A) $48. B) $69. C) $80. D) $100.
A monopolist enjoys the least market power compared to the other market structures
a. True b. False Indicate whether the statement is true or false
Shaina and Mariah have a business that provides personal fitness training services. They know that after raising their prices from $50 to $75 per hour, the quantity of hours they spent delivering training services fell from 90 to 80 hours per week. The demand for their services is:
a. inelastic, with a price elasticity coefficient greater than one. b. inelastic, with a price elasticity coefficient less than one. c. elastic, with a price elasticity coefficient greater than one. d. elastic, with a price elasticity coefficient less than one.
A liability of the central bank in functioning as the bankers' bank is:
A. securities. B. currency. C. loans. D. accounts of commercial banks.