If this is a closed economy, what will the price of a bike be?
A. $40
B. $100
C. $140
D. $20
Answer: B
You might also like to view...
Bob's Lawn Care Services is a perfectly competitive firm that currently mows 22 lawns a week. Bob's marginal cost exceeds the price he charges. Bob can increase his profit if he
A) charges a higher price. B) charges a lower price. C) mows fewer than 22 lawns a week. D) mows more than 22 lawns a week.
A normal good is a good whose quantity demanded
a. rises when its price falls. b. falls when the price of a related good falls. c. falls when the consumer's total utility rises. d. rises when the consumer's real income increases.
Refer to the graph shown. Which supply curve is perfectly elastic?
A. A B. B C. C D. D
Non-depository institutions would include all of the following except:
A. credit unions. B. pension funds. C. insurance companies. D. finance companies.