United States Postal Service has successfully leveraged its monopoly power through
a. online postage purchases
b. delivery of Netflix DVDs
c. an online bill-paying service
d. a secure online document transmission service
e. increasing third-class mail rates
B
Economics
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All else equal, increases in oil prices tend to increase the quantity of proven oil reserves
Indicate whether the statement is true or false
Economics
A farm is able to produce 5,000 bushels of peaches per season on 100 acres. Assume it adds one more acre and is able to produce 6,000 bushels per season. The marginal product of the additional acre of land for this farm is:
a. 6,000 bushels per acre per year. b. 5,000 bushels per acre per year. c. 1,000 bushels per acre per year. d. 11,000 bushels per acre per year.
Economics