A cartel's marginal cost curve is the
a. highest of all the individual firms' marginal cost curves
b. lowest of all the individual firms' marginal cost curves
c. horizontal sum of all the individual firms' marginal cost curves
d. average of all the individual firms' marginal cost curves
e. product of all the individual firms' marginal cost curves
C
Economics
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In 1983, one could buy a model radio-controlled airplane for $11.50 each. Those same planes are available today and the price increased at exactly the rate of inflation. If the CPI today is 220.5 and in 1983 was 105, what is the price of the airplane today?
a. $24.15 b. $11.50 c. $5.48 d. $2.10
Economics
The Federal Reserve affecting the supply of money is known as
A. growth policy. B. supply side policy. C. monetary policy. D. fiscal policy.
Economics