If peanuts were widely accepted for purposes of exchange, then
A) peanuts would be money.
B) peanuts would be less valuable than they are currently.
C) we would observe people using peanuts to purchase cars.
D) a and c
E) a and b
D
Economics
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All of the following are characteristics of long-run equilibrium for firms in a monopolistically competitive market except:
A) price equals marginal cost. B) price equals average total cost. C) marginal cost equals marginal revenue. D) price exceeds the minimum of average total cost.
Economics
Which of the following often allows a landlord to raise the rent for a rent-controlled apartment?
a. improvements made to the apartment b. crime increase in the apartment’s neighborhood c. the landlord going into debt d. an occupant moving out
Economics