Figure 3-13
Refer to . The market for margarine was initially in equilibrium at point e. Other things constant, an increase in the price of soybean oil, an important ingredient used to produce margarine, would likely move the equilibrium in this market toward point
a.
r.
b.
s.
c.
t.
d.
u.
d
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This monopolistic competitor is in the
A. short run making a profit.
B. short run taking a loss.
C. long run making a profit.
D. long run breaking even.
A country that increased its literacy rate and thereby its average human capital would probably
A. Increase GDP. B. Have not impact on GDP. C. Decrease GDP. D. None of the choices are correct.
If you know the marginal propensity to consume you can determine the marginal propensity to save. How is that possible?
What will be an ideal response?
If the deductible is $500 and the co-payment is 20%, on a covered expense of $1000 the individual will pay ________, and their insurance company will pay ________.
A. $400; $600 B. $500; $500 C. $500; $600 D. $600; $400