Calculate the value of the government purchases multiplier if the marginal propensity to consume equals 0.8, the tax rate equals 0.2, and the marginal propensity to import equals 0.05

A firm has $300 million in revenues and explicit costs of $100 million. If its owners have invested $150 million in the company at an opportunity cost of 10 percent a year, the firm's accounting profit is: a. $50 million

b. $150 million. c. $185 million. d. $200 million.

The Coase theorem reminds us that efficiency is all about ____________________ and says nothing about ______________________.

A. maximizing total surplus; the distribution of that surplus B. equitably distributing surplus; maximizing that surplus C. who gets the most surplus; whether that's a fair outcome D. None of these statements is true.