Mr. Clooney inherited a sum of $30,000 in 1990. If the price index for 1990 was 100 and the price index for 2014 is 188, the value of the money he inherited in 2014 dollars is ________

A) $45,200 B) $56,400 C) $38,800 D) $48,000

B

Economics

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In Barylia, Greenaqua Corp . is the sole controller of a resource required for the production of bottled drinking water. Therefore, Greenaqua Corp . enjoys:

A) legal market power. B) natural market power. C) regulated market power. D) restricted market power.

Economics

Use the following graph for a monopolistically competitive firm to answer the next question. Excess capacity for this firm would be illustrated by the quantity

A. E - D. B. D - 0. C. D - C. D. E - C.

Economics