In most microeconomic models, a decision maker
A) maximizes an objective subject to a constraint.
B) faces no constraints.
C) has no clearly defined objective.
D) B and C
A
Economics
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When the Fed decreases the money stock, the money supply curve shifts to the ________ and the interest rate ________, everything else held constant
A) right; rises B) right; falls C) left; falls D) left; rises
Economics
Under perfect competition, price is equal to
A. marginal revenue. B. total revenue divided by output. C. average revenue. D. All of the choices are equal to price under perfect competition.
Economics