Non-liquid assets could perform which of the following functions?
A. Trade without bartering
B. Medium of exchange
C. Cash for transactions
D. Store of value
Answer: D
Economics
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An economy's marginal social benefit curve for a private good is obtained by summing the individual marginal
a) cost curves horizontally b) benefit curves vertically c) benefit curves diagonally d) benefit curves horizontally
Economics
If a monopolist can sell 20 units at price of $200 per unit and 30 units at a price of $180 per unit, its marginal revenue at an output of 30 is
A) $-200. B) $800. C) $1400. D) $1800.
Economics