The above table gives some of the costs of the Delicious Pie Company. The marginal cost of increasing pie output from 200 to 300 pies equals ________ per pie
A) $1.800
B) $1,000
C) $8
D) $6
C
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The substitution effect that occurs when interest rates change involves a change in consumption that develops from ________
A) a change in the general level of prices B) a period of increasing productivity C) a change in the level of income D) a change in the relative prices of consumption in the two periods
The money demand curve is downward sloping because as the value of money falls people desire to hold a larger quantity of money
a. True b. False Indicate whether the statement is true or false
If the usury law set the interest rate ceiling at 12%, how much of a shortage of loanable funds would there be?
Use the information in the table below.Total salesIndustry 1Firm 1$5.3mFirm 2$199,000Firm 3$2.6mFirm 4$850,000What percent of total sales does Firm 1 make up in Industry 1?
A. 89% B. 53% C. 59% D. 25%