If a firm in a perfectly competitive market sells 100 units of output and total revenues are $500, which of the following statements are true? (i) Marginal revenue equals $5. (ii) Average revenue equals $5. (iii) Price equals $5

Why might a developing country choose to peg the value of its currency to the dollar?

What will be an ideal response?

All else equal, when the Federal Reserve Banks engage in a restrictive monetary policy, the prices of government bonds usually:

A. fall. B. rise. C. remain constant. D. move in the same direction as the bonds' interest rate yield.