Which of the following is the least likely to be a competitive market?
a. ice cream
b. soybeans
c. cable television
d. new houses
c
Economics
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One of the key economic questions is "where should products be produced?"
Indicate whether the statement is true or false
Economics
If the marginal rate of technical substitution for a cost minimizing firm is 10, and the wage rate for labor is $5, what is the rental rate for capital in dollars?
A) .5 B) 1 C) 2 D) 10
Economics