In deriving an LM curve, higher incomes shift the money demand schedule to the ________, yet the unchanged real money supply continues to be equally demanded so long as the interest rate ________

What is the profit maximizing condition for a vertically integrated firm?

A) Net marginal revenue equals the sum of the marginal costs of the intermediate inputs. B) Marginal revenue equals the marginal cost of the final output. C) Net marginal revenue equals the marginal cost of each intermediate good. D) The sum of net marginal revenues equals the marginal cost of the final output.

Markets reduce transactions costs

a. by decreasing the time spent searching for information about goods and services b. only when they have a highly structured set of rules like the New York Stock Exchange c. because each market uses the same set of rules for buying and selling goods and services d. only when the government can coordinate the plans of many buyers and sellers e. when prices are set by the sellers and are not determined by negotiation between the buyers and the sellers