A rise in interest rates will increase your incentive to
What will be an ideal response?
save more, borrow less, and pay off credit card debt.
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As Judy moves down along her budget line, ________
A) the opportunity cost of the good measured along the x-axis increases B) the opportunity cost of the good measured along the y-axis increases C) her income decreases D) her income does not change and neither does the relative price of the goods
This table represents the revenues faced by a monopolist.PriceQuantity SoldTotal RevenueAverage RevenueMarginal Revenue$1,0001$1,000 $9002$1,800 $8003$2,400 $7004$2,800 $6005$3,000 $5006$3,000 $4007$2,800 Using the information in the table shown, the marginal revenue for the 4th unit is:
A. That cannot be calculated from the information given. B. the same as that of the 3rd unit. C. higher than that of the 3rd unit. D. lower than that of the 3rd unit.
Given the table below, what is the marginal cost of the 250th unit of output? 
A. $4.00 B. $0.14 C. $7.40 D. $2.40 E. none of the above
Answer the following statement true (T) or false (F)
1) Farmers typically sell their products in highly competitive markets and buy in imperfectly competitive markets. 2) If the demand for agricultural products is inelastic, a relatively small increase in supply will cause farm prices and incomes to decline. 3) The use of price-support programs in agriculture has hastened the exodus of resources from agriculture. 4) The concept of parity has provided a rationale for government price supports for farm products.