There are ________ members of the FOMC.

A. 5
B. 7
C. 12
D. 19

Answer: C

Economics

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In the short run for a particular market, there are 5,000 firms. Each firm has a marginal cost of $7 when it produces 200 units of output. One point on the market supply curve is

a. quantity = 5,000 . price = $7. b. quantity = 35,000 price = $35,000. c. quantity = 1,000,000 . price = $7. d. quantity = 1,000,000 . price = $35,000.

Economics

How is an indifference map like a topographic map?

Please provide the best answer for the statement.

Economics