Suppose Always There Wireless serves 100 high-demand wireless consumers, who each have a monthly demand curve for wireless minutes of QdH = 200 - 100P, and 300 low-demand consumers, who each have a monthly demand curve for wireless minutes of QdL = 100 - 100P, where P is the per-minute price in dollars. The marginal cost is $0.25 per minute. Suppose Always There Wireless charges $0.35 per minute. How many minutes will high-demand consumers purchase?
A. 65
B. 35
C. 75
D. 165
D. 165
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A recession in the rest of the world means U.S
A) exports increase. B) aggregate demand decreases. C) potential GDP decreases. D) potential GDP increases. E) aggregate supply decreases.
A political problem with discretionary fiscal policy is the
A. ability of powerful politicians to direct government spending to their favored causes. B. business cycle. C. Federal Reserve. D. split control of the legislative and judicial branches of government.
Which of the following product-groups is a leading export of the United States?
A. Home appliances B. Metals C. Agricultural products D. Computers
Refer to the above graph. If the production possibilities curve for an economy is at CD but the economy is operating at point X, the reasons are most likely to be because of:
A. Technological progress and industrial change
B. Increases in the quantity and the quality of resources
C. Improvement in labor productivity and the number of work-hours
D. Unemployment and inefficient allocation of resources