Suppose that a decrease in the price of good X results in fewer units of good Y being demanded. This implies that X and Y are
a. complementary goods.
b. normal goods.
c. inferior goods.
d. substitute goods.
d
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Refer to the table above. What is the marginal revenue of the monopolist when it sells 200 units of its product?
A) $2 B) $5 C) $7 D) $9
An oligopoly is a market in which at least some firms are large enough to influence market price
a. True b. False Indicate whether the statement is true or false
You study horse racing avidly and discover for this year's Kentucky Derby you think you have the field pretty well figured out. In fact, you calculate the expected return and it is the same as the expected return you are getting from the stock market. Is this investment in the race valuable to you?
What will be an ideal response?
A change in which of the following variables would affect the cash flow for a firm?
A) changes in the nominal interest rate B) expected future profit C) changes in the real interest rate D) changes in expected inflation E) none of the above