In the United States, the supply curve for human organs currently is:
a. vertical

b. horizontal.
c. downward sloping.
d. upward sloping.

a

Economics

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Farmer Brown produces corn in a perfectly competitive market. Farmer Brown produces and sells 500 bushels of corn. The market supply and demand curves are illustrated in the above figure

a. What is Farmer Brown's total revenue? b. What is Farmer Brown's marginal revenue?

Economics

Assume that for a given consumer, the marginal utility of wine is 100 and the price of wine is $60. Also, assume that the marginal utility of lobster is 200 and the price of lobster is $100. This consumer

A) is in equilibrium. B) should buy more lobster. C) should buy more wine. D) can't tell; insufficient information given to answer the question

Economics