Which of these is an example of depreciation?
(A) A worker's truck breaks down more often after 80,000 miles of driving.
(B) An employer fires a worker for repeatedly arriving late to work.
(C) A share of stock declines in value over several months.
(D) A clothing store owner reduces the price of a belt by $10 to encourage sales.
Ans: (A) A worker's truck breaks down more often after 80,000 miles of driving.
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If the CPI is used as a cost of living index, incomes that are adjusted to reflect the changes in the CPI will
A) increase by more than the actual change in the cost of living. B) decrease by more than the actual change in the cost of living. C) increase by more than the actual change in quantities. D) decrease by more than the actual change in quantities. E) generally rise by about 2 percent a year because the standard of living generally rises by about 2 percent a year.
Using the table, what is the minimum price that Fred is willing to accept to supply 400 slices of pizza per month?
A) $3.50 B) $2.50 C) $3 D) $4