The wage rate paid by Walkman producers falls and at the same time the price of raw materials used in the production of Walkmans rises. You predict that the supply curve of Walkmans will
A) shift either leftward or rightward.
B) surely shift rightward.
C) surely shift leftward.
D) surely become steeper.
A
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Sherman Antitrust Act bans price discrimination that substantially lessens competition or injures particular competitors
a. True b. False Indicate whether the statement is true or false
The supply curve of a price-taker firm in the short run is the
a. firm's average variable cost curve. b. portion of the firm's average total cost curve that lies above average variable cost curve. c. portion of the firm's marginal cost curve that lies above average variable cost curve. d. firm's marginal revenue curve.
Which of the following is a monetary policy tool used by the Federal Reserve Bank?
A. Decreasing the rate at which banks can borrow money from the Federal Reserve B. Increasing the reserve requirement from 10% to 12.5% C. Buying 500 million worth of government securities, such as treasury bills D. All of the above
If the annual interest rate printed on the face of a bond is 25 percent, the face value of the bond is $1,000, and the current market price of the bond is $700, what is the current yield on the bond?
A. 25.5 percent. B. 20.5 percent. C. 25.0 percent. D. 35.7 percent.