Suppose that Makemoney Movies produces two new films — The Hulk and The Piano. Makemoney offers theaters the two films together at a single price but will not supply the movies separately. What do economists call this business practice?
a. predatory pricing
b. resale price maintenance
c. tying
d. leverage
c
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Suppose the economy was in equilibrium, and the national government increased spending by $200 billion. Monetarist theory would predict that the main factor that will readjust the economy is the:
a. Price level. b. Real GDP. c. Nominal and real exchange rates. d. Real risk-free interest rate. e. Money supply.
A profit-maximizing firm hires labor per week up to the point at which
A. the marginal revenue product of labor equals the wage. B. the marginal revenue product of labor is equal to zero. C. the marginal revenue product of labor is maximized. D. the difference between the marginal revenue product and the wage is maximized.
Factors of production are traded in the product market.
Answer the following statement true (T) or false (F)
If the APS rises by .02, how much does total saving rise?
C = $6.4 trillion Disposable income = $8 trillion Autonomous consumption = $4 trillion