Sensible buyers or sellers will want to continue acquiring information
A) as long as the additional information extends their choices.
B) as long as the anticipated additional benefit exceeds the additional cost of doing so.
C) as long as they can be assured of acquiring correct information.
D) indefinitely, because more information is better than less.
B
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When the Fed lowers the federal funds rate, the quantity of money ________ and the supply of loanable funds ________
A) increases; does not change B) decreases; increases C) increases; decreases D) increases; increases E) decreases; decreases
In the Keynesian model, suppose the Fed wants to keep output unchanged. If the IS curve shifts to the left, and the Fed acts to keep output unchanged, then
A) taxes will increase. B) the money supply will decline. C) the real interest rate will decrease. D) taxes will decrease.
Suppose the demand for Pepsi-Cola is qp = 54 – 2pp + 1pc. The demand for Coca-Cola is qc = 54 - 2pc + 1pp. Each firm faces a constant marginal cost of zero. Determine the Bertrand equilibrium prices
What happens to the Bertrand equilibrium prices and profits if increased differentiation causes the demand for Pepsi-Cola to become qp = 104 - 2pp + 1pc while the demand for Coca-Cola remains unchanged?
Scatter diagrams are a useful way to depict the relationship between two variables
a. True b. False Indicate whether the statement is true or false