If a consumer purchases more of good A when her income falls, good A is an inferior good
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The above figure shows the marginal benefits and marginal costs of a college education. The efficient number of students is
A) 0. B) 10 million. C) 15 million. D) 25 million.
Economics
Use a figure to explain how a balance of payments crisis and its hand in capital flight
What will be an ideal response?
Economics
A limit price is never a predatory price
Indicate whether the statement is true or false
Economics
A firm that faces the duopolists' dilemma can avoid the dilemma by:
A. telling customers that it will match any competitor's price. B. undercutting its competitor's price. C. agreeing to join a cartel. D. always choosing its dominant strategy regardless of the other firm's action.
Economics