How are the prices of various goods and services determined for the Consumer Price Index (CPI)?
a. By an extensive annual household survey
b. By an extensive monthly survey of stores, apartments, and owner-occupied homes
c. By an extensive annual survey of stores, apartments, and owner-occupied homes
d. By an extensive monthly household survey
e. Through the same survey used to determine the typical market basket
B
Economics
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The small-country monopolist's free-trade equilibrium occurs:
a. where MC = MR, where MR is declining and below price. b. at the "world" price, which becomes a perfectly elastic demand curve for the monopoly firm and the firm's marginal cost curve. c. where the home demand is completely satisfied by foreign importers. d. at minimum marginal cost.
Economics
What is the principal difference between a U-form and an M-form organization?
Economics