Suppose that Dave has $200 to spend per week and he buys only magazines and pizza. The price of a pizza is $10 and the price of a magazine is $5. What is Dave's real income in terms of magazines?

If a monopolistically competitive firm is in long-run equilibrium and average cost equals $150, then the market price must be $150

a. True b. False

Deposit insurance and government's willingness to help distressed banks have virtually eliminated the potential for serious bank runs

a. True b. False Indicate whether the statement is true or false