When disposable income is 2000, how much is consumption?
2700
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A horizontal merger
A) results in a trust (for example, the Standard Oil Company). B) is a merger between firms in the same industry. C) is a merger between firms at different stages of production of a good. D) was illegal in the United States until the Federal Trade Commission Act was passed by Congress in 1914.
Studies at Cornell University revealed that chickens grow 2 percent larger when a red mitten is placed in their cage and Vivaldi is played in the coop. Resultant feed savings are estimated at $60 million a year. In the chicken market, the
a. demand curve shifts to the right. b. supply curve shifts to the right. c. price will rise. d. quantity sold will fall.
Assuming the demand for their products is inelastic, farmers (as a group) have an incentive to
A) increase the supply of what they sell. B) agree among themselves to decrease the supply of what they sell. C) spend at least 10 percent of their budgets to advertise their products. D) b and c E) a and c
Based on new trade theory, as the size of markets increases, companies may be able to attain better ______.
Fill in the blank(s) with the appropriate word(s).