Consider the market for consumer loans. A legal ceiling set below the market-clearing interest rate would tend to
A) increase the quantity demanded for loans.
B) decrease the quantity supplied of loans.
C) create a shortage of loans.
D) do all of the above.
E) do none of the above.
D
Economics
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In the above figure, the line represented by the "1" is the
A) average fixed cost. B) marginal revenue. C) total cost. D) average total cost.
Economics
The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from CDs when the sixth CD is purchased?
A) 40 units B) 30 units C) 15 units D) 5 units
Economics