Refer to the following graph.
Given a tax of t on suppliers, revenue collected is:
A. A, B, C. Suppliers pay A and B. Consumers pay C.
B. A, B, C. Suppliers pay B and C. Consumers pay A.
C. A and B. Suppliers pay A. Consumers pay B.
D. A and B. Suppliers pay B. Consumers pay A.
Answer: D
Economics
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Refer to the scenario above. If the opportunity cost of time increases to $80 per hour, which of the following statements is true?
A) Maria should choose to drive as it saves her $10. B) Maria should choose to drive as it saves her $150. C) Maria should choose to travel by train as it saves her $10. D) Maria should choose to travel by train as it saves her $150.
Economics
A call option is in the money if the futures price is greater than the strike price.
a. true b. false
Economics