Firms that practice tacit collusion may receive some of the benefits of a cartel without explicitly organizing a group of firms.
Answer the following statement true (T) or false (F)
True
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During recent years, the Fed's focus has clearly been on the use of
A) the discount rate. B) the federal funds rate. C) the M2 money supply. D) borrowed reserves.
You can either invest in project A or B. Project A could have a value of $150 with a probability of 0.1 or a value of $75 with probability 0.9 . Project B could have a value of $110 with probability 0.2 or a value of $65 with a probability of 0.8 . Which project should you invest in?
a. Project A b. Project B c. Neither of the projects d. You cannot tell from the information presented
Most government purchases are made at the federal level and not at the state level
a. True b. False Indicate whether the statement is true or false
If the price of a variable input increases, then
A. the fixed cost curve will shift up. B. the average total cost curve will shift down. C. the total cost curve will shift up. D. the marginal cost curve will shift down.