Mandy purchases 68.2 shares of a mutual fund for $1,500 . Cassie's purchase of these shares contributes $1,500 to which magnitude in the identity Y = C + I + G?
a. C
b. I
c. G
d. None of the above are correct.
d
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For a person who consumes only steak and lobster, a fall in either the price of a steak or the price of a lobster shifts the budget line for the two leftward and does not change its slope
Indicate whether the statement is true or false
Assume the managers of the two major firms in an industry agree to set the price of their output at a fixed level so as to discourage new entrants into the market. This would be considered a violation of the:
A) Sherman Act of 1890. B) Clayton Act of 1914. C) Federal Trade Commission Act of 1914. D) Celler-Kefauver Act of 1950.
Q = K1/2L1/2 w = $2, r = $2 The firm would like to know the maximum output that can be produced for $8,000
Find the combination of inputs that maximizes output for a cost of $8,000, the amount of output that can be produced, and identify the expansion path.
If price is set equal to marginal cost when marginal cost is below ATC, the firm will suffer a loss
Indicate whether the statement is true or false