Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, if the market quantity demanded is 5, the price must be
A) $3. B) $6. C) $9. D) $12.
D
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The 1990s and 1920s have which of the following in common?
(a) Growth in real output, real output per person, employment and productivity (b) Changes in the levels of nominal output, money supply and participation in the stock market (c) Similar expansions in the stock markets at the end of each period (d) All of the above
Suppose there are 1000 identical wheat farmers. For each, TC = 10 + q2. Derive the market supply curve
What will be an ideal response?
Games with a noncooperative equilibrium:
A. always result in a negative-negative outcome. B. always result in a positive-positive outcome. C. can result in either a positive-positive or negative-negative outcome. D. always result in a positive-negative outcome (zero-sum).
The balance of payments summarizes the transactions that occur during a given time period between
a. the government of one country and the government of another country b. the national government and local governments in the same country c. individuals, firms, and government of one country and individuals, firms, and governments throughout the rest of the world d. individuals, firms, and governments of two countries e. non-government residents (individuals and firms) of two countries