What is the cost of production at the number of units where the company is indifferent between the two technologies?
a. $750
b. $850
c. $950
d. $1050
a
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M1 differs from M2 because ________
A) M2 includes components that are less liquid than any component of M1 B) M1 does not include savings deposits and M2 does C) M1 is included in M2 but M2 has more components D) all of the above E) none of the above
When a loan is repaid to a bank, the money supply contracts by the amount of the loan
Indicate whether the statement is true or false
Inflation is a:
A. movement of the economy toward full employment. B. sustained rise in the general level of prices. C. one-time change in the general level of prices. D. sustained decline in the general level of prices.
Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in demand and an increase in quantity supplied are represented by a movement from:
A. point b to point a. B. point c to point d. C. point d to point a. D. point b to point d.