All of the following would be considered a positive addition to household wealth except
A) the equity in one's home. B) the balance in your savings account.
C) 500 shares of Google stock. D) a credit card balance.
D
Economics
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At which interest rate is the present value of $196.85 three years from today equal to $175 today?
a. 2 percent b. 4 percent c. 6 percent d. 8 percent
Economics
A company finds that at the output level at which marginal cost equals marginal revenue, TC = $500, TVC = $400, and TR = $450. Your advice to the firm is
A) shut down, as TC > TR. B) reduce output to reduce the cost of production. C) increase output to reduce the per unit cost of production. D) continue to produce because loss is less than TFC.
Economics