nswer the question on the basis of the given supply and demand data for wheat. Bushels Demanded Per MonthPrice Per BushelBushels Supplied Per Month45$57750473563686126167157 Equilibrium price will be
What will be an ideal response?
2dolla
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If tuition at a college is $30,000 and the external benefit of graduating from this college is $10,000, then
i. in the absence of any government intervention, the number of students graduating is less than the efficient number. ii. the government could increase the number of graduates by giving the college a $10,000 subsidy per student. iii. the government could increase the number of graduates by giving the students $10,000 vouchers. A) i only B) i and ii C) i and iii D) ii and iii E) i, ii, and iii
If your total satisfaction increases when you consume another unit, your marginal utility must be
A) positive. B) increasing. C) decreasing. D) negative.
The point of maximum profit for a business firm is where:
a. TR = TC. b. MR = MC. c. P = AC. d. MR = AR.
In the first week in March 1933, ______ banks had shut their doors.
A. a few B. nearly half C. most D. all