Which of the following is true for a monopolistically competitive firm in long-run equilibrium?
A) P > MR and MC = ATC. B) P = ATC and MR = MC.
C) P = ATC and P = MC. D) P > ATC and P > MR.
B
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Suppose that the Federal Reserve issued bonds in the amount of $45 million and the reserve requirement was 10%, what would be the resulting change to the monetary base?
A) $45 million B) $450 million C) $4.5 million D) The bond issuance would not impact the monetary base only the money stock.
Refer to the information provided in Table 36.1 below to answer the question(s) that follow. Table 36.1PersonWeight (lbs)Abe160Boris210Calvin300Darius185Eddie240Franklin175A study to determine the effect that the weight of an average 6 ft. tall man has on the incidence of Type 2 diabetes was conducted in a small town. The six participants and their corresponding weights are listed in the table.Related to the Economics in Practice on p. 728: Refer to Table 36.1. When using regression discontinuity, if this study had a threshold of 200 pounds, the outcomes of which individuals would be compared?
A. Abe, Darius, and Franklin B. all six individuals C. Abe and Calvin D. Boris and Darius