A country's CPI was 84.5 last year and 100.0 this year. The inflation rate was
A) 84.5 percent.
B) 18.3 percent.
C) 15.5 percent.
D) 7.29 percent.
E) -18 percent.
B
Economics
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The above table has the total revenue and total cost schedule for Omar, a perfectly competitive grower of rutabagas. Omar's total profit is maximized when he produces ________ bushels of rutabagas
A) 3 B) 5 C) 6 D) 8 E) 7
Economics
An interior solution to a consumer's utility maximization problem implies
A) consuming a positive amount of one good and a negative amount of the other good. B) consuming negative amounts of all goods. C) consuming less than optimal amounts of all goods. D) consuming more than an optimal amount of at least one good.
Economics