The bid price for a bond is
A) the minimum price that you are allowed to bid for a bond that is being auctioned by the government.
B) the maximum price that you are allowed to bid for a bond that is being auctioned by the government.
C) the price that you will receive from a securities dealer if you sell the bond.
D) the price that you must pay a securities dealer to purchase a bond.
C
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The figure above represents the competitive market for slices of key lime pie. If the production is 80 slices per day, the cost of the 80th slice is
A) less than anyone is willing to pay for it. B) more than anyone is willing to pay for it. C) equal to what someone is willing to pay for it. D) indeterminant. E) equal to the deadweight loss from the 80th slice.
What happens to the demand curves of the existing firms when new firms enter into a monopolistic competitive market?
What will be an ideal response?
Refer to the table above. Maximum social surplus is:
A) $10. B) $12. C) $14. D) $16.
A negative supply shock causes ________ to ________
A) aggregate demand; increase B) aggregate demand; decrease C) short-run aggregate supply; decrease D) short-run aggregate supply; increase