Which of the following is NOT investment spending?
What will be an ideal response?
The purchase of stock in Potomac electric company
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Which of the following would most likely be provided by a natural monopoly?
A) Michigan Radio is the state's most listened-to public radio service. B) Sirius Satellite Radio is accessed through a subscription. C) X96 is an alternative radio station out of Salt Lake City. D) a Mariah Carey CD
Table 30.5Output (units)Labor (units)Output (units)Capital (units)101201262562383863Assume that in Table 30.5 the cost of labor is $4 per unit and the cost of capital is $6 per unit. In Table 30.5, what is the cost efficiency of the second unit of labor?
A. 64 units per $1 of cost. B. 26 units per $1 of cost. C. 4 units per $1 of cost. D. 16 units per $1 of cost.
If the elasticity of demand for cigarettes by teenagers is 1.5, then to reduce teen smoking by 60 percent, tobacco companies would need to raise their prices by:
A. 15%. B. 40%. C. 60%. D. 90%.
How do ponzi schemes work?
What will be an ideal response?