Which of the following statements about advertising is true?
a. Advertising lowers the price of a product.
b. Advertising lowers the total cost of obtaining a good.
c. Advertising has no economic value.
d. Advertising increases the opportunity cost of time.
B
Economics
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Joe is contemplating a job where, with probability 0.6, he will make $100,000 and with probability 0.4 he will make $30,000. What is Joe's expected income from taking the job?
A) $12,000 B) $60,000 C) $72,000 D) $90,000
Economics
Which of the following correctly expresses the Fisher equation?
A. r = i - ?e B. i = r - ?e C. r = i + ?e D. i = r + ?e
Economics