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Author Question: When the Bretton Woods system was set up, the United States agreed initially to buy and sell gold at ... (Read 66 times)

khang

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on: Jun 29, 2018
When the Bretton Woods system was set up, the United States agreed initially to buy and sell gold at a price of ________ per ounce.
 
  A) 24 B) 35 C) 42 D) 48

Question 2

Pookie's Pinball Palace restores old Pinball machines. Pookie has just spent 300 purchasing and cleaning a 1960s-era machine which he expects to sell for 2,000 once he is finished with the restoration.
 
  After having spent 300, Pookie discovers that he will need to rewire the entire machine at a cost of 1,100 in order to finish the restoration. Alternatively, he can sell the machine as is now for 1,000. What is his marginal benefit if he sells the machine as is now?
  A) 300 B) 900
  C) 1,000 D) The marginal benefit cannot be determined.


millet

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

B

Answer to Question 2

C


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