The quantity supplied of loanable funds
a. is inversely related to the rate of interest
b. is directly related to the rate of interest
c. affects a firm's MRP of capital
d. affects a firm's MPP of capital
e. affects the price of the good
B
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The schedules in the table give the marginal social benefit and marginal social cost of a DVD. At the efficient quantity, the minimum supply-price of a DVD is ________ and the value of a DVD is ________
A) $16; $24 B) $16; $20 C) $20; $16 D) $20; $20
What are the primary determinants of agricultural labor productivity?
What will be an ideal response?
Figure 10-9
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Figure 10-9 shows supply and demand conditions in a perfectly competitive industry and for a firm in that industry. Assume the industry initially has supply curve S1 and demand curve D1. If demand shifts to D2, then in the short run price will
A. rise to A. B. rise to some level between A and B. C. remain at B. D. fall to C.
Suppose that the demand for oranges increases. Carefully explain how the rationing function of price will restore market equilibrium
What will be an ideal response?