rental cost for offices spaces have been going up at 6.2% per year compounded annually for the past 5 years. if office space rent is now at a rate of $32 per square foot per month, what were the rental rates 5 years ago?

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.

Free rein leaders can be described as: a. dictatorial b. authoritarian c. democratic d. permissive

Which of the following statements best reflects a price-taking firm? price-taking firms maximize profits by charging a price above marginal cost. the firm can sell only a limited amount of output at the market price before the market price will fall. if the firm were to charge more than the going price, it would sell none of its goods. the firm has an incentive to charge less than the market price to earn higher revenue.