For barter to occur, there has to be a double coincidence of wants

Indicate whether the statement is true or false


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Economics

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For a certain firm, the 100th unit of output that the firm produces has marginal revenue equal to $10 and a marginal cost of $7 . It follows that

a. the production of the 100th unit of output increases the firm's profit by $3. b. the production of the 100th unit of output increases the firm's average total cost by $7. c. the firm's profit-maximizing level of output is less than 100 units. d. the production of the 110th unit of output must increase the firm's profit by less than $3.

Economics

Which of the following makes it possible for even a small investor to hold a diverse set of stocks and still keep the cost of purchasing additional stock holdings low?

A) an equity (stock) mutual fund B) a real world savings account C) a bond mutual fund D) a checking account at a local bank

Economics

If you were running an advertising campaign for designer men's suits, you should target families with:

A. poor taste in clothing. B. lower incomes. C. similar tastes and preferences. D. higher incomes.

Economics

If 100 percent of any change in income is spent, the multiplier will be:

A. equal to the MPC. B. 1. C. zero. D. infinitely large.

Economics