An increase in the price of steak will probably lead to:
Multiple Choice Quizzes with Answer in English (Page: 331)
Which of the following is probably not a normal good?
Good A is an inferior good, an increase in income leads to:
A change in income will not lead to:
Changes in the price of good A leads to a change in:
Which of the following would not shift the demand for good A?
The law of demand states that, holding all else constant:
The buyer side of the market is known as the:
In a competitive market, the market demand is Qd = 60 – 6P and the market supply is Qs = 4P. The full economic price under a price ceiling of $3 is
In a competitive market, the market demand is Qd = 60 – 6P and the market supply is Qs = 4P. A price ceiling of $3 will result in a
Marginal net benefits in the above table
Net benefits in the above table
Total costs in the above table are
The opportunity cost of an action is the
If the interest rate is 7%, $500 received at the end of 9 years is worth how much today?
If the annual interest rate is 0%, the present value of receiving $210 in the next year is:
Negotiation between the buyer and seller of a new ski-boat is an example of:
Given the benefit function B(Y) = 200Y – 3Y2, the marginal benefit is:
Maximizing the lifetime value of the firm is equivalent to maximizing the firm’s current profits if the
If the interest rate is 3%, the present value of $900 received at the end of 4 years is: