Fiat money:
a. has value because people accept it
b. has a high intrinsic value.
c. is backed by commodity reserves.
d. is money because of its metallic content.
e. is frequently clipped.
a
Economics
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Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 2 hours per day
If she is following the marginal principle, what must her marginal benefit be? A) $6 B) $12 C) $15 D) $18
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The goal of advertising is to
A) pay for public broadcasting. B) differentiate a firm's product. C) overwhelm the buyer so they buy a firm's product. D) minimize cost curves for the firm.
Economics