Consider the market for bananas. The current price of a bunch of bananas is $3.00. Two consumers, Miles and Meghan, are willing to pay $3.50 and $4.50, respectively, for a bunch of bananas. Two farmers are willing to sell bananas for as little as $0.50 and $1.50 per bunch. How much is the consumer surplus in this market, assuming each consumer purchases one bunch of bananas and each farmer sells one bunch of bananas

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

Actual usage for the year by the marketing department was 70,000 copies and by the operations department was 330,000 copies. if a dual-rate cost-allocation method is used, what amount of copying facility costs will be budgeted for the operations department?

Which of the following is not a consideration when determining your asset allocation