In the last four decades the U.S. money supply
A. grew every year.
B. fell every year.
C. grew in about half the years and fell the other years.
D. grew almost every year and only fell in a few years.
D. grew almost every year and only fell in a few years.
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A firm facing the demand curve P = 10 - Q has zero marginal costs, fixed costs of 12, and is a single price monopolist. What quantity would it produce and what would its profit (loss) situation then be?
What will be an ideal response?
Use the above table. If the marginal revenue product is $20, how many workers will the profit maximizing monopsonist hire?
A. 1 B. 2 C. 3 D. 4
Refer to the information provided in Figure 6.4 below to answer the question(s) that follow.
Figure 6.4Refer to Figure 6.4. Bill?s budget constraint is AC. His budget constraint would shift to AD if the price of
A. black beans increased. B. bell peppers decreased. C. bell peppers increased. D. black beans decreased.
Refer to the diagram. Starting at point E, the production of successive units of bread will cost:
A. a constant 8 units of tractors.
B. a constant 6 units of tractors.
C. 1 / 8 , 1 / 6 , 1 / 4 , and 1 / 2 units of tractors.
D. 1 / 2 , 1 / 4 , 1 / 6 , and 1 / 8 units of tractors.