Which of the following is not a component of consumption?
A) nondurable goods
B) purchase of a new condominium
C) education expenses
D) none of the above
B
Economics
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Suppose the demand for Pepsi is qp = 50 - 2pp + 1pc. The firm faces a constant marginal cost of m, and denotes the price of Coke
Assuming Bertrand behavior, derive Pepsi's best-response function and explain how the firm changes price in response to changes in its own marginal cost and changes in Coke's price.
Economics
The ECB now frequently uses ________ to inject reserves into the banking systems of countries that use the Euro.
A. an outright sale of securities. B. an outright purchase of securities C. repurchase agreements D. discount loans
Economics