A general equilibrium analysis of a price change in the corn chip market would include an investigation of the impacts in
A) the television market.
B) the coffee market.
C) the salsa market.
D) All of the above.
C
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If it costs Danitra $225 to create 4 necklaces and $275 to create 5 necklaces, then the marginal cost of producing the 5th necklace is $50
Indicate whether the statement is true or false
The standard measure of the money stock, M1, refers to
a. checking account balances, travelers' checks, and cash in the hands of the public b. cash in the hands of the public, demand deposits, and small time deposits c. cash in the hands of the public, savings-type account balances, and travelers' checks d. savings-type account balances, small time deposits, and checking account deposits e. the sum of the cash in the hands of the public
A firm will tend to follow competitors when they increase spending on R&D but will not follow them when they decrease such spending.
Answer the following statement true (T) or false (F)
The Standard Oil trust
A. forced the railroads to grant it discounts but not to its competitors. B. forced the railroads to give it payments on every shipment of oil refined by rival firms. C. violated the Sherman Antitrust Act. D. All of the choices.