If the price of capital falls, _____
a. the supply of capital increases
b. the quantity supplied of capital decreases
c. the quantity supplied of capital increases
d. the quantity supplied of capital remains unchanged
e. the supply of capital decreases
b
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The "Normal-Form" of a game is a description including
A) the players. B) the strategies possible. C) the payoffs. D) All of the above
If the price of good A falls, it will: a. increase a consumer's total utility from the consumption of that good
b. increase a consumer's marginal utility from consuming the last unit of that good. c. decrease a consumer's marginal utility from consuming the last unit of that good. d. do both (a) and (c).
Outline the policy choices for contractionary and expansionary options of the Fed
Monopoly is unlike perfect competition in that ______.
a. a monopolist's price is greater than marginal cost b. there are no barriers to entry into a monopoly industry c. a monopolist earns an economic profit only if its price is greater than ATC d. all of the preceding are ways in which monopoly is unlike perfect competition e. a monopolist's price is greater than marginal cost and there are no barriers to entry into a monopoly industry, but not a monopolist earns an economic profit only if its price is greater than ATC, are ways in which monopoly is unlike perfect competition