It was illegal for Microsoft to contract with computer manufacturers to pay for Microsoft operating systems for all the computers they produced, rather than paying for only the computers on which Microsoft operating systems were installed
Indicate whether the statement is true or false
T The contract was forbidden because it would motivate the computer manufacturers to use Microsoft operating systems, thus giving an advantage to Microsoft over other operating systems.
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All else equal, if the risk associated with U.S. stocks is perceived to have fallen compared to financial assets in other countries, then the market equilibrium value of the exchange rate for the U.S. dollar will:
A. rise. B. be equal to the value chosen by the Federal Reserve. C. become fixed. D. fall.
Total utility can be thought of as the
A. total satisfaction derived from a bundle of goods. B. minimum amount of money a consumer is willing to spend on a bundle of goods. C. additional satisfaction a consumer receives from the marginal unit of a good. D. willingness to pay for the marginal unit of a good.
An increase in population can be expected to
a. increase the marginal product of land. b. decrease the supply of land. c. decrease the rents on land. d. decrease the demand for land.
A rightward shift of the demand curve will lead to an
A) increase in equilibrium price. B) excess demand at the old equilibrium price. C) increase in quantity supplied. D) All of the above.