Given the following budget line, (M = PfF + PsS) show the following by reformulating the equation. Assume F (food) is on the horizontal axis and S (shelter) is on the vertical axis.A. The vertical intercept is ________.B. The horizontal intercept is ________.C. The slope of the budget line is ________.
What will be an ideal response?
A. M/Ps
B. M/Pf
C. Pf/Ps
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Application of the time inconsistency problem to monetary policy suggests that, without some mechanism to ensure commitment, the
A) rate of inflation will be higher than it would be with commitment. B) level of real output will be lower than it would be with commitment. C) rate of inflation will be higher and the level of real output will be lower than they would be with commitment. D) rate of inflation and the level of real output will be higher than they would be with commitment.
In 2008, federal, state, and local redistribution programs were most close to
a. $20.0 trillion b. $200.0 billion c. $2.0 billion d. $200.0 trillion e. $2.0 trillion
Buying a cup of coffee with a dollar bill represents the use of money as a
Suppose that the inverse demand for a downstream firm is P = 150 ? Q. Its upstream division produces a critical input with costs of CU(Qd) = 5(Qd)2. The downstream firm's cost is Cd(Q) = 10Q. When there is no external market for the downstream firm's critical input, the net marginal revenue for the downstream firm is:
A. NMRd = 140 ? Q. B. NMRd = 140 ? 2Q. C. NMRd = 150 ? Q. D. NMRd = 150 ? 2Q.