Lizzie's preferences are shown in the figure above. Which of the following combinations of goods does Lizzie prefer the most?
A) 6 comic books and 20 cookies
B) 8 comic books and 8 cookies
C) 12 comic books and 10 cookies
D) 4 comic books and 12 cookies
A
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In the short run, a firm in monopolistic competition produces where P = MC
Indicate whether the statement is true or false
The term "fixed cost" refers to the cost a firm incurs to produce a specific fixed quantity of output
Indicate whether the statement is true or false
If foreigners increase their ownership of U.S. assets, this would help to offset
a. a deficit in the U.S. current account b. a deficit in the U.S. capital account c. a surplus in the U.S. current account d. a surplus in the U.S. capital account e. a surplus in the total balance of payments
In the banking system of the United States, banks that wish to borrow to make up reserve deficiencies must turn to the federal funds market
a. True b. False Indicate whether the statement is true or false