If the Federal Reserve has indirect influence of the loanable funds (short term) interest rate, the supply of those loanable funds is likely
A. vertical.
B. downward sloping.
C. upward sloping.
D. flat.
Answer: C
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Total utility can be calculated as the
a. sum of all marginal utilities b. price paid for one unit of a good c. product of all marginal utilities d. total expenditure on all units of a good the consumer buys e. difference between the marginal utilities of the first and last units of a good
Briefly describe the different conditions which affect the value of a real option
For a firm in a competitive market, an increase in the quantity produced by the firm will result in
a. a decrease in the product's market price. b. an increase in the product's market price. c. no change in the product's market price. d. either an increase or no change in the product's market price depending on the number of firms in the market.
What is the difference between farm commodities and food products? How does the number of competing firms change as farm commodities are processed into food?
What will be an ideal response?