The quintessential example for the price of an input and its impact on an output is
A. corn and soybeans.
B. hotdogs and hotdog buns.
C. crude oil and gasoline.
D. 7up and sprite.
Answer: C
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A subgame-perfect equilibrium:
a. is not a Nash equilibrium; it is a refinement of Nash equilibrium. b. is an equilibrium concept used in simultaneous games. c. is a special sort of Nash equilibrium. d. can be ruled out using backward induction.
Based on the information in the table, we can conclude that, in 1932, each of the following events occurred except: Currency held by public (in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. The Federal Reserve conducted open-market sales of U.S. government bonds. B. Banks were keeping more of their deposits in reserves, and making fewer loans. C. The Federal Reserve injected reserves into the banking system. D. The public increased the amount of currency it held.
The current exchange rate system has which of the following characteristics?
A) The countries of the European Union have adopted the gold standard. B) Several developing countries in Asia have adopted the Bretton Woods system. C) The United States allows the dollar to float against other major currencies. D) The current global foreign exchange system is a fixed system. E) All developing countries allow their currencies to float against the dollar and other major currencies.
Which of the following are options available to government when dealing with monopolies?
a. b, c, and e b. nationalization c. marginal cost pricing regulation d. marginal revenue pricing regulation e. breaking up the firm