One reason the AD curve is downward sloping is the __________ effect
A) wage rate
B) productivity
C) interest rate
D) structural
E) none of the above
C
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You have decided that you are going to consume 600 calories of beer and snacks at a party Saturday night. A beer has 150 calories and a snack has 75 calories
a. Create a table that shows the various combinations of beer and snacks you can consume. To keep things simple, use only round numbers (e.g., you could choose 1 or 2 beers but not 1.5 beers). b. What is the opportunity cost of a beer?
What is the output level predicted by the Cournot model? Discuss this in terms of the different market models that have been surveyed so far
What will be an ideal response?
Assume Brad worked as a contractor for a year and had revenues of $120,000 and explicit cost of $70,000 . If he could have been paid $80,000 working for a computer company, his accounting profit as a contractor was ____ and his economic profit was ____
a. $50,000 . -$30,000 b. $10,000 . $50,000 c. $40,000 . $50,000 d. $50,000 . $40,000
Price discrimination is the
A. pricing of a product so that not everyone can afford it. B. refusal by a firm to sell to all customers. C. selling of a given product at more than one price when the price difference is unrelated to cost differences. D. selling of a given product at more than one price when the price differences reflect cost differences.