Albert Einstein once referred to compounding as
a. "an obsession among economists that defies explanation.".
b. "the greatest mathematical discovery of all time.".
c. his own discovery.
d. John Maynard Keynes's greatest contribution.
b
Economics
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If the price elasticity of demand for moose hunting lessons is 4.23, then the demand for moose hunting lessons is
A) elastic. B) unit elastic. C) inelastic. D) perfectly unit elastic. E) perfectly elastic.
Economics
In the figure above, if the firm is regulated using a marginal cost pricing rule, the consumer surplus created is equal to the area of
A) ABG. B) ACF. C) BCFG. D) BCE. E) None of the above because there is no consumer surplus created.
Economics