The study of how firms interact in a market is a
a. waste of time
b. normative subject
c. microeconomic topic
d. topic in political science
e. macroeconomic topic
C
You might also like to view...
Suppose the market for loanable funds is in equilibrium. If the expected profit falls, the equilibrium real interest rate ________ and the quantity of loanable funds ________
A) falls; decreases B) falls; increases C) rises; increases D) rises; decreases
To incentivize a salaried manager at a company store to work harder, the management should
a. Offer the manager the franchise b. Offer the manager a raise c. Centralize all decision-making d. None of the above
Refer to the information provided in Figure 3.18 below to answer the question(s) that follow.
Figure 3.18Refer to Figure 3.18 The market is initially in equilibrium at Point A. If demand shifts from D1 to D2, the new equilibrium price will be ________ and the new equilibrium quantity will be ________.
A. $4.00; 150 B. $3.00; 250 C. $6.00; 250 D. $4.00; 350
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles
A. increases. B. initially increases, then decreases. C. decreases. D. remains constant.