If MUX / PX < MUY / PY then this consumer:
a. will buy less of X and more of Y.
b. will buy more of X and more of Y.
c. is in equilibrium.
d. will buy more of X and less of Y.
e. will buy less of X and less of Y.
a
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Refer to the table below. The average benefit of 2 units of activity is:Units ofActivity TotalCostTotalBenefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. $60 B. $80 C. $20 D. $40
Price subsidies have no deadweight losses so long as the (uncompensated) demand curve is vertical.
Answer the following statement true (T) or false (F)
Everything else held constant, if the federal government were to guarantee today that it will pay creditors if a corporation goes bankrupt in the future, the interest rate on corporate bonds will ________ and the interest rate on Treasury securities
will ________. A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
If a firm produces 10 units, TC=$100 . When the firm increase its output to 15 units, TC= $150 . The firm's variable costs equal to
a. $50 b. $150 c. $25 d. $100