Figure 4.4 illustrates the supply of tacos. A technological advancement which makes tacos cheaper to produce would most likely cause a movement from
A) point a to point c.
B) point c to point a.
C) S0 to S2.
D) S2 to S0.
C
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What will be an ideal response?
The more bidders there are at a second-price auction,
a. the higher the expected selling price b. the higher each bidder bids c. the more each bidder will shade his bid d. the less each bidder will shade his bid
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What will be an ideal response?
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A. a defensive action and raise reserve requirements. B. an offensive action and reduce reserve requirements. C. an offensive action and raise reserve requirements. D. a defensive action and reduce reserve requirements.