Judging from this graph, what would the individual firm charge if it increased its output to 400 bushels of wheat?
a. $3
b. $4
c. $5
d. $6
c. $5
Economics
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Kinks in budget constraints always produce non-convexities in choice sets.
Answer the following statement true (T) or false (F)
Economics
A key objective of the gold standard was to
A) create a flexible exchange rate system between countries. B) create a fixed exchange rate system between countries. C) allow nations to maintain their gold reserves. D) allow nations to tax its citizens in gold.
Economics
Banks in need of reserves can borrow from the Fed or in the federal funds market
a. True b. False Indicate whether the statement is true or false
Economics
In the Keynesian model, the I = S equation, where I is intended investment and S is actual saving, describes the economy in macroequilibrium
Indicate whether the statement is true or false
Economics