If the Fed was trying to reduce demand-pull inflation, it might:
a. sell government securities, lower reserve requirements and lower the discount rate.
b. sell government securities, raise reserve requirements and raise the discount rate.
c. sell government securities, lower reserve requirements and raise the discount rate.
d. buy government securities, lower reserve requirements and raise the discount rate.
b
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Firms A and B are identical, produce identical products, and are the only firms in a market. Firm A's output is higher than Firm B's. This means that Firm B is the
A) Cartel leader. B) Stackelberg leader. C) Stackelberg follower. D) Cournot leader.
The profit maximizing or loss minimizing quantity of output for any firm to produce exists at that output level in which:
a. total revenue is maximized. b. total cost is minimized. c. marginal cost is minimized. d. marginal revenue equals marginal cost.