If Y and V are constant and M doubles, the quantity equation implies that the price level
a. more than doubles.
b. changes but less than doubles.
c. doubles.
d. does not change
c
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Refer to the table below. If Stuffed Pies is currently producing 13 units of quality, to maximize profit, Stuffed Pies should ________ the units of quality.
Stuffed Pies is a frozen calzone manufacturer. The table above summarizes Stuffed Pies' marginal revenue and marginal cost of quality at various quality amounts.
A) not change
B) increase by 50 percent
C) decrease
D) increase
Marginal utility can be measured by the change in:
a. total utility / the change in quantity. b. income / the change in utility. c. quantity / the change in income. d. price / the change in utility. e. income / the change in price.
In her calculation of the cost of going to college, an economist would include the amount of forgone earnings over the years spent at college
a. True b. False Indicate whether the statement is true or false
Firm A and Firm B are the only two producers of a new solar powered cell. Society will gain the most when both firms decide to: a. form a cartel
b. merge. c. differentiate their products. d. produce at the downward-sloping part of their respective average total cost curves.