Refer to the scenario above. If Frank discounts delayed utilities with a weight of 9/10, then which of the following statements is true?
A) He will eat both hotdogs and ice cream.
B) He will eat hotdogs but avoid ice cream.
C) He will eat ice cream but avoid hotdogs.
D) He will avoid consuming both hotdogs and ice cream.
D
Economics
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Which of the following is not an example of a financial intermediary?
A) a pension fund B) an insurance company C) a commercial bank D) the New York Stock Exchange
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Unlike a perfectly competitive firm, for a monopolistically competitive firm
A) price ? marginal cost for all output levels. B) price ? average revenue for all output levels. C) price ? marginal revenue for all output levels. D) marginal revenue = marginal cost at the profit-maximizing output.
Economics