If aggregated demand is less than actual output, unplanned inventory ________ will cause output to ________
A) accumulation; rise
B) depletion; fall
C) depletion; rise
D) accumulation; fall
D
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Peter Theil sees monopolies as:
A. solving a unique problem for consumers. B. bad for business. C. bad for consumers. D. bad for society.
A market equilibrium will generate the largest possible surplus when:
A. there are no external benefits and external costs. B. there is perfect competition. C. perfect information is available. D. All of these.
Which of the following variables would not influence the ex-dividend price of a share of stock at time t?
A) i1et+1 B) i1t C) $Det+1 D) none of the above
A consumer is at an optimum when the price of one good she has been consuming decreases. As a result
A) the value of the marginal utility of the last unit consumed has increased. B) the value of the marginal utility of the last unit consumed has decreased. C) the price of the other good must decrease too. D) the marginal utility of the last dollar spent on this good is now greater than the marginal utility of the last dollar spent on other goods.