Refer to the figure below. 
If Column Cruises offers reduced rates, and Row Resorts keeps its rates high, then Row Resorts will earn ________, and Column Cruises will earn ________.
A. 300; 300
B. 10; 500
C. 500; 10
D. 50; 50
Answer: B
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An isoquant indicates different combinations of
A) two inputs that can be purchased for the same amount of money. B) two inputs that can produce the same amount of output. C) output that can be produced with the same amount of input. D) output that cost the same amount to produce.
Mathematically, the marginal propensity to consume is:
a. consumption divided by income. b. the change in consumption divided by the change in income. c. income divided by consumption. d. the change in income divided by the change in consumption.
What do you think is meant by the statement that "successful monetary policy requires competent people and the right institutional environment"?
What will be an ideal response?
The Federal Reserve was established in 1913 to
A) prevent inflation by decreasing the money supply. B) stimulate the economy by increasing bank reserves. C) stop bank panics by acting as a lender of last resort. D) prevent bad loans by requiring banks to hold reserves.