Suppose that the price of a subway ride rises from $2.00 to $2.50. because driving a car and taking the subway are

The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a recession is an example of A) automatic stabilizers.

A consumer will consume such that price equals marginal benefit for every good consumed because

Which of the following should be the primary goal pursued by the financial manager of a firm? a. Maximize net income (profits). b. Maximize the firm's net worth, or book value. c. Maximize dividends paid to common stockholders. d.

The entire market demand curve for new college textbooks would shift inward (decrease) if there were: Group of answer choices a. a market surplus of textbooks. b. a new federal income tax deduction on up to $1000 for student buyers of textbooks. c.

Who sets the price of products in our mixed market economy?

Why do people keep money in transaction accounts?

Advanced Printing Systems is a firm in a monopolistically competitive market. If its marginal cost is $18 per unit in the short run, if it is maximizing profits, and if it is selling at the equilibrium quantity, what is its marginal revenue?

Consider a simple economy that produces two goods: pens and oranges. The following table shows the prices and quantities of the goods over a three-year period.

Which of these would be a result of inflation? A business reports a loss for a tax year. A CEO pays less in taxes than five years ago. A company scales back production. A company increases production as a result of growing demand.

Which of the following would be the best example of a total institution? a. a mental hospital b. a private university c. a parochial school d. a baseball team