Author Question: Samantha decides to withdraw 10,000 from her savings account and invest it all in the stock market. ... (Read 52 times)

aabwk4 · **on:** Jun 29, 2018

Samantha decides to withdraw 10,000 from her savings account and invest it all in the stock market. Her total economic costs

A) equal 10,000.
B) are independent of the interest she enjoyed in her savings account.
C) are affected by the interest she enjoyed in her savings account.
D) are determined solely by the commission she is charged for the purchase of stock.

Question 2

Beef is a normal good and people's incomes fall. At the same time a bumper corn crop reduces the cost of feeding steers. These changes result in

A) an increase in the equilibrium quantity of beef.
B) an increase in the equilibrium quantity of beef if the shift in the demand curve is smaller than the shift in the supply curve.
C) an increase in the equilibrium quantity of beef if the shift in the demand curve is larger than the shift in the supply curve.
D) no change in the equilibrium quantity of beef.