The above figures show the market for hamburger meat. Which figure(s) shows the effect of an increase in the price of a substitute like hot dogs?

The above table shows the total product of producing baseball hats. The marginal product of the 4th worker is equal to

A) 25 baseball hats. B) 21 baseball hats. C) 7 baseball hats. D) 6.25 baseball hats.

Monetary policy is most effective at home when exchange rates are flexible

Indicate whether the statement is true or false