The Bretton Woods conference set up the ______ to supervise a system of ______ exchange rates.

Fill in the blank(s) with the appropriate word(s).

International Monetary Fund (IMF); fixed

Economics

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At the current quantity of table saws, the marginal social cost is more than the marginal social benefit. Then

A) production of table saws should be decreased to reach the efficient level. B) production of table saws should be increased to reach the efficient level. C) production of table saws is currently at the efficient level. D) producer surplus will be larger than consumer surplus.

Economics

Unique Creations has a monopoly position in magnometers. If the marginal cost for a magnometer is $50 and the price elasticity for magnometers is -4, what is the optimal monopoly price?

a. $37.50 b. $41.25 c. $66.67 d. $75.00 e. $82.50

Economics