Biology Forums - Study Force

Marge Sampson produces and sells 400 jars of homemade jelly each month for 3 each. Each month, she pays 200 for jars, 150 for ingredients, and uses her own time, with an opportunity cost of 500 . Her economic profits each month are:
 a. 350.
  b. 500.
  c. 650.
  d. 700.

QUESTION 2

A bond with a par value of 1,000 is traded at 1,500 . The coupon rate offered on the bond is 10 percent.The bond matures after a period of 5 years . The coupon paid to the bond holder after the end of the first year is:
 a. 150.
  b. 100.
  c. 200.
  d. 50.
  e. 250

QUESTION 3

When the method used to collect a sample biases any conclusions that might be drawn from it, the sample is said to have a selection bias.
  Indicate whether the statement is true or false

QUESTION 4

Following a decrease in the price of a good, an individual will purchase more of the now less expensive good and less of other more expensive goods. This is known as the _____ effect.
 a. income
  b. endowment
  c. substitution
  d. price
  e. scale

QUESTION 5

Cassie produces and sells 400 jars of homemade jelly each month for 3 each. Each month, she pays 200 for jars, 150 for ingredients, and uses her own time, with an opportunity cost of 300 . Her economic profits each month are:
 a. 550.
  b. 700.
  c. 850.
  d. 900.

QUESTION 6

Which of the following is sometimes used as a synonym to describe a bond?
 a. Stock
  b. Fixed-income security
  c. Capital asset
  d. Retained earning
  e. Depreciation

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Great answers! <3