Fixed costs faced by farmers typically include the following, except:
A. Family labor
B. Fertilizer
C. Property taxes
D. Interest and rent payments
B. Fertilizer
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In the figure above, ceteris paribus, an increase in x is associated with
A) an increase in y. B) a decrease in y. C) an increase in z. D) a random change in z. E) no change in either y or z.
Assume X is an inferior good. If the incomes of people who buy X increase, demand for X will increase as well, but by a smaller percentage than the increase in income
Indicate whether the statement is true or false
Which of the following pairs of goods are NOT complements?
A) Hockey sticks and hockey pucks B) Computer CPUs and computer monitors C) On-campus student housing and off-campus rental apartments D) all of the above E) none of the above
Extensive and productive exchanges among people who barely know one another
What will be an ideal response?