Suppose an economy with two goods (candy and desk) and two identical agents that is in a competitive equilibrium. The marginal cost of a piece of candy is given by MCc = 4Qc and the marginal cost of a desk is MCd = 2 + Qd. The current production level of candy (Qc) is 4 pieces and of desks (Qd) is 30. What can be said about the marginal utility of candy (MUc) and the Marginal utility of desks

As part of the nation's recovery from the Great Depression of the 1930s, the banking system was reformed in which of the following ways?

(A) The banking system was taken off the gold standard. (B) The government paid off loans for large corporations. (C) Banks were deregulated by the government. (D) The Federal Reserve Banks were closed.

The problem with inflation is that as prices rise, consumers can no longer afford to buy as many goods and services

Indicate whether the statement is true or false