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Author Question: Does a 21 year old who inherited millions of dollars' worth of corporate stock and who never works ... (Read 29 times)

maegan_martin

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on: Jun 29, 2018
Does a 21 year old who inherited millions of dollars' worth of corporate stock and who never works supply anyone with productive services?
 
  A) No, by definition.
  B) Only if her wealth is invested in capital equipment that adds to economic growth.
  C) Only if others are willing to pay to watch her enjoy life.
  D) Yes, if she supplies the services of the resources she owns.

Question 2

Refer to the figure above. What is the initial equilibrium price of the good?
 
  A) 20
  B) 40
  C) 60
  D) 80


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prumorgan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


maegan_martin

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Reply 2 on: Jun 29, 2018
Excellent

mochi09

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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