The figure below shows the supply and demand curves for oranges in Smallville.
What is the marginal cost of producing the tenth pound of oranges?
A. $4
B. $2
C. $5
D. $3
Answer: A
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Explain and show graphically the effect of an increase in the expected inflation rate on the equilibrium exchange rate, everything else held constant
What will be an ideal response?
A price floor does not benefit producers
a. True b. False Indicate whether the statement is true or false
A bank will charge a higher interest rate the:
A. longer is the length of the loan, and the higher the risk of repayment. B. longer is the length of the loan, and the lower the risk of repayment. C. shorter is the length of the loan, and the higher the risk of repayment. D. shorter is the length of the loan, and the lower the risk of repayment.
The Ii = S equation describes
a. an economy in macroequilibrium b. what producers do; they invest their savings c. an economy that isn't in equilibrium because the critical equation expressing equilibrium—Ii = Ia—is missing d. the coincidence between aggregate investment and aggregate saving e. the surplus associated with intended investment