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Question: table 713 40 41 42 43 the only four producers...

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Table 7-13 40 41. 42. 43. The only four producers in a market have the following costs: ost 30 40 eller bey 45. 46. Carl 47. Dale $65 Refer to Table 7-13. If the sellers bid against each other for the right to sell the good to a single consumer, then the good will sell for 48. 49 O 50. 51. 52. 53 Oa. $40 or slightly less. O b. S30 or slightly more. o $55 or slightly less. o O d. S65 or slightly less.
s Question 41 of 60 > For an imaginary economy, the consumer price index was 80 in 2014, 100 in 2015, and 140 in 2016. Which of the following statements is correct? a·The overall level of prices increased by 60 percent between 2014 and 2016. O b. All of the above are correct. O c. If the basket of goods that is used to calculate the CPI cost S25 in 2015, then that basket of goods cost $35 in 2016. o d. If the basket of goods that is used to calculate the CPI cost $40 in 2014, then that basket of gotds cost $60 in 2015. 2
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