A firm's decision about the size of its new factory The effects of the Internet on the pricing of used cars A consumer's optimal choice when buying a flat-screen
What will be an ideal response?
Micro - Econ
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The supply of money is determined by the Federal Reserve and is dependent on the demand for money
Indicate whether the statement is true or false
Marginal cost curves slope
A) upward because of increasing opportunity cost. B) upward because of decreasing opportunity cost. C) downward because of increasing opportunity cost. D) downward because of decreasing opportunity cost.
Using the table above, what is the elasticity of demand between the prices of $6 and $4?
A) 1 B) 3/2 C) 2/3 D) 2 E) 4
If there is an external cost from making paper, an unregulated competitive market produces
A) less than the efficient quantity. B) the efficient quantity. C) more than the efficient quantity. D) a quantity that could be greater than, the same as, or less than the efficient amount.