Refer to the table below. What is the expected price of the input in Country A?
The above table provides the probability distribution of price of an input next year in Country A and Country B.
A) $999
B) $501
C) $500
D) $499
C) $500
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When the Federal Reserve was formed, state-chartered banks were __________ Fed member banks
A) automatically made B) required to become C) given the option to become D) not allowed to become
Explain the time inconsistency of monetary policy
If the price of good X increases, what will happen to the budget line?
A. It will become steeper. B. It will shift outward. C. It will shift inward. D. It will become flatter.
You sell your good in a perfectly competitive market where the market price is $7.00. When you sell 100 units your total revenue is $700. When you sell 101 units:
A. total revenue increases by less than $7. B. total revenue increases by exactly $7. C. total revenue increases by more than $7. D. total revenue may increase or decrease.