Author Question: A typical wheat farmer would never consider cost-plus-markup pricing because A) he cannot clearly ... (Read 83 times)

karen · **on:** Jun 29, 2018

A typical wheat farmer would never consider cost-plus-markup pricing because

A) he cannot clearly estimate his costs.
B) the most profitable price he can ask for is the prevailing market price.
C) the government won't allow it.
D) he is a price searcher.

Question 2

What happens when the Federal Reserve purchases U.S. government bonds?

A) Interest rates rise because bonds become scarcer.
B) Commercial bank reserves increase.
C) The national debt declines in size.
D) The growth rate of the money stock falls.
E) All of the above occur.