William is a wheat farmer and wheat sells in a perfectly competitive market, with an equilibrium price of $5 per bushel. Its marginal revenue:
a. is greater than $5

b. is $5.
c. is less than $5.
d. cannot be determined from the above information.


b

Economics

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If Callum is consuming his utility maximizing bundle and the price of one good rises, what happens to the marginal utility per dollar spent on this good (MU/P), and what should Callum do?

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In the generalized dividend model, if the expected sales price is in the distant future

A) it does not affect the current stock price. B) it is more important than dividends in determining the current stock price. C) it is equally important with dividends in determining the current stock price. D) it is less important than dividends but still affects the current stock price.

Economics

Which three macroeconomic variables together best describe the health of the economy?

A. Output, GDP, and inflation B. Output, inflation, and prices C. GDP, unemployment, and employment D. Output, prices, and employment

Economics