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Other Fields Homework Help Economics Topic started by: queeny on Feb 26, 2018



Title: To graph a relationship that involves more than two variables, we use the ceteris paribus ...
Post by: queeny on Feb 26, 2018
To graph a relationship that involves more than two variables, we use the ceteris paribus assumption.
 
  Indicate whether the statement is true or false



Ques. 2

You are studying with a friend and your friend says, Private goods are excludable and nonrival, while public goods are nonexcludable and rival. Do you agree?
 
  What will be an ideal response?



Ques. 3

The above table has the demand for money schedule.
 
  a) If the Fed supplies 1.1 trillion dollars, what is the equilibrium interest rate?
  b) Discuss how equilibrium is restored if the interest rate is greater than the equilibrium rate found in part (a).



Ques. 4

In the figure above, what is Gap's economic profit?
 
  A) zero
  B) 5,000
  C) -5,000
  D) -1,160



Ques. 5

The paradox of value can be resolved by distinguishing between
 
  A) quantity demanded and quantity supplied.
  B) supply and quantity supplied.
  C) normative and positive statements.
  D) total utility and marginal utility.



Ques. 6

If firms in a competitive market are ________ then there is ________ for firms to ________ the industry.
 
  A) incurring economic losses; an incentive; exit
  B) incurring economic losses; no incentive; exit
  C) making economic profits; no incentive; enter
  D) making zero economic profit; an incentive; exit


Title: To graph a relationship that involves more than two variables, we use the ceteris paribus ...
Post by: raven2ill on Feb 26, 2018
Content hidden


Title: To graph a relationship that involves more than two variables, we use the ceteris paribus ...
Post by: queeny on Feb 26, 2018
So that's it? I get an expert answer then we move on with our lives? Not too bad :D


Title: To graph a relationship that involves more than two variables, we use the ceteris paribus ...
Post by: raven2ill on Feb 26, 2018
we do it for the love of comments