You can find the MRP by multiplying marginal physical product by price for
A. both the perfect competitor and the imperfect competitor.
B. neither the perfect competitor nor the imperfect competitor.
C. only the perfect competitor.
D. only the imperfect competitor.
C. only the perfect competitor.
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Which of the following represents a collective action problem?
A) The battery in Billy's pickup truck has died so he must leave his house 90 minutes earlier than usual to take public transportation to work. B) Sonia cuts down a diseased oak tree in her back yard, eliminating the shade that blocked the afternoon sun from shining through her living room windows. C) Miss Lander's third grade class has to cut short their field trip to Insect World because someone in Mr. Rutherford's fourth grade class accidentally opened the safety door in the bumblebee exhibit. D) Most of the audience cannot hear the dialog at a midnight showing of The Room because the film's most ardent fans insist on shouting with the dialog throughout the entire screening.
If changes in monetary policy are going to help stabilize the economy, they must
a. be expansionary. b. be restrictive. c. reduce the real rate of interest. d. be properly timed. e. stimulate aggregate demand.