The Red Jacket Mountain View Inn in New Hampshire charges $159 per room in the winter ski season and $114 during the summer months. The number of rooms and operating costs are constant year round. These prices indicate
a. rightward shifts in the demand curve in the summer.
b. a rightward shift in demand in the winter.
c. leftward shifts in the supply curve in the summer.
d. a leftward shift in demand in the winter.
b
Economics
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$100 is to be divided among two individuals—Mary and Jenna. Which of the following allocations is Pareto efficient?
A) Mary receives $45, and Jenna receives $45. B) Mary receives $20, and Jenna receives $75. C) Mary receives $1, and Jenna receives $99. D) Mary receives $90, and Jenna receives $9.
Economics
Suppose you lend $5,000 to your brother for one year at a nominal interest rate of 7%. Inflation during that year is 4%. As a result, you will receive ________ at the end of the year
A) $5,150 B) $5,225 C) $5,350 D) $5,550
Economics