Refer to Cournot Problem. In the Nash Equilibrium, consumer surplus will be
a. $900
b. $1800
c. $2700
d. $3600
b. $1800
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Some economists argue that the Fed set its federal funds rate target "too _________" in the early 2000s, which was one of the contributing factors which led to ____________ mortgage interest rates and a(n) ___________ housing prices
A) low; low; increase B) low; low; decline C) high; high; decline D) high; high; increase
Calculate the annual percentage change in price level for the year 2014. Round to two decimal places.
Refer to Figure 14.2. A movement from point a to point b could be caused by a(n):
A. increase in government spending. B. decrease in the price of oil. C. decrease in taxes. D. decrease in short-run aggregate supply.
The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15.Number ofCar WashesPer MonthTotal MonthlyBenefit fromCar Washes0$01$202$363$484$565$60What is the marginal benefit of the 3rd car wash each month?
A. $12 B. $4 C. $48 D. $16