In the perfectly competitive market, all firms in the market are assumed to be producing:
a. identical products.
b. differentiated products.
c. products that are heavily advertised.
d. complementary products.
a
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Which of the following is NOT a goal of financial regulation?
A) ensuring the soundness of the financial system B) reducing moral hazard C) reducing adverse selection D) ensuring that investors never suffer losses
How can irresponsible fiscal policy contribute to a speculative attack on a country's currency that is fixed in value to another currency?
What will be an ideal response?
The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The marginal cost of the 4th employee is:
A. $11,000. B. $9,500. C. $10,750. D. $13,000.
________: the process of purchasing commodities in one market at a low price and rapidly selling them in another market at a higher price
Fill in the blank(s) with correct word