Lana spent $5 to see a movie. We know
a. the movie was worth 500 utils.
b. Lana's total utility from movies was $5.
c. the movie was worth at least $5 worth of other goods.
d. the movie increased marginal utility.
c
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How does each of the following shift the supply of loanable funds and the demand for loanable funds curves? What is the effect of each on the equilibrium real interest rate and equilibrium quantity of loanable funds?
a. Households' disposable incomes increase b. An increase in expected profit
Who among the following enjoys some form of property rights?
A) A common homebody B) A small business owner C) A bondholder D) A state senator E) All of the above.
The term strategy in terms of game theory refers to
a. the relationship between price and marginal cost b. the relationship between individual firm demand curves and the market demand curve c. each firm's game plan in making decisions d. the interrelationship between price and marginal revenue e. the tendency for collusive firms to generate normal profits
A merger between an automobile manufacturer and a maker of automobile tires is an example of a:
A. conglomerate merger. B. horizontal merger. C. vertical merger. D. tying contract.