Concept check 1. 54/32 converted to a mixed number is 22/32 1.6875 1/38 1 22/32 2. the product of one and four thirty-seconds and twenty thirty-seconds is 1 24/32 45/64 56/32 720 3. one and eight thirty-seconds divided by twelve thirty-seconds is 480/1024 20/1024 3 1/3 3 40/32 4. a u. s. treasury bond is trading at 98 and 6/32. convert this price to its decimal form. 98.19 96.63 9/86 98.06 5. what is the percentage increase if the s& p 500 index is currently trading at 1,100 and rises 55 points? 4.5% 5% 55% 5.5%

After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.

Brokers such as paypal benefit online businesses because they do not charge fees like credit cards. they deliver the money to the business immediately. they cannot store credit card numbers. the business does not have to get an account with credit-card companies.