If the CPI was 90 in 1975 and is 225 today, then $100 today purchases the same amount of goods and services as
a. $25.00 purchased in 1975.
b. $33.33 purchased in 1975.
c. $40.00 purchased in 1975.
d. $135.55 purchased in 1975.
c
Economics
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In the figure above, if the wage rate is $6 per hour, then the
A) firms' surplus is the area d + e + f. B) workers' surplus is the area a + b + c. C) deadweight loss equals zero. D) Only answers A and C are correct. E) Answers A, B, and C are correct.
Economics
Suppose a new cost-saving device will forever generate $1,000 net savings per year to a firm. The device costs $10,000. Using the Internal Rate of Return approach, will the firm make the investment?
A) definitely B) definitely not C) if the interest rate exceeds 10% D) if the interest rate is less than 10%
Economics