The cross-price elasticity of demand for peanut butter and jelly is likely:

ABC Company is currently producing 450 units of output. The output is sold in a perfectly competitive market at a price of $35 . The marginal cost of the 450th unit is $38

Is ABC Company producing at the profit-maximizing level of output? Explain.

Which of the following events could explain an increase in interest rates together with an increase in investment?

a. The government runs a larger deficit. b. The government institutes an investment tax credit. c. The government replaces the income tax with a consumption tax. d. None of the above is correct.