The average starting salary for a history major is $29,500. If the CPI was 147.5, the real salary is
A) $200.00 an hour.
B) $20,000.
C) $35,000.
D) $43,513.
E) $14,750.
B
Economics
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Which of the following is not an example of a graph of a single variable?
a. a pie chart b. a bar graph c. a time-series graph d. a scatterplot
Economics
Suppose that a firm operating in perfectly competitive market sells 50 units of output. Its total revenues from the sale are $500 . Which of the following statements is correct? (i) Marginal revenue equals $5. (ii) Average revenue equals $10. (iii) Price equals $15
a. (i) only b. (ii) only c. (i) and (ii) only d. (i), (ii), and (iii)
Economics