An individual's value for a good or service is the
a. The amount of money he or she used to pay for a good
b. The amount of money he or she is willing to pay for it
c. The amount of money he or she has to spend on goods
d. None of the above
b
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The Fed can determine how the money demand curve has shifted by
a. studying interest rate changes b. looking at the number of new loans c. studying unemployment compensation claims d. experimenting with changes in credit conditions e. checking the size of the federal budget deficit
The cost-effective solution is:
Suppose the combined abatement for two firms, firm X and firm Y, facing the New Source Performance Standards (NSPS) must total 30 units, and that the MAC functions for these firms are: MACX = 0.6AX MACY = 0.3AY Use this information for either of the next two questions below. a. Ax = 15; Ay = 15 c. Ax = 10; Ay = 20 b. Ax = 9; Ay = 4.5 d. none of the above