A typical wheat farmer would never consider cost-plus-markup pricing because
A) he cannot clearly estimate his costs.
B) the most profitable price he can ask for is the prevailing market price.
C) the government won't allow it.
D) he is a price searcher.
B
Economics
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If the velocity of money is completely insensitive to changes in the rate of interest, the
A) LM curve will be horizontal. B) LM curve will be vertical. C) IS curve will be horizontal. D) IS curve will be vertical.
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