Mr. Peabody chooses to invest in companies that produce goods and services at the lowest possible cost. Mr. Peabody is investing in companies that are
A) guaranteed to make a profit. B) productively efficient.
C) allocatively efficient. D) all of the above
B
You might also like to view...
What are the characteristics of a market that allow a monopolist to successfully price discriminate between groups?
What will be an ideal response?
From an initial IS-LM equilibrium with a normally-sloped IS curve and a vertical LM curve, the money supply increases. A the new IS-LM equilibrium we have
A) higher income and a lower interest rate. B) higher income and an unchanged interest rate. C) an unchanged income and a lower interest rate. D) lower income and an unchanged interest rate. E) an unchanged income and a higher interest rate.
If a firm adopts a labor-augmenting piece of technology, it will:
A. increase the marginal product of labor. B. decrease the marginal product of labor. C. decrease the marginal supply of labor. D. increase the marginal supply of labor.
Which of the following people is would be considered a new entrant according to the Bureau of Labor Statistics?
a. a 35-year-old mother of two who will be taking a part-time job at the government agency she worked for before she started her family b. a 67-year-old retiree who decides to begin volunteering at a homeless shelter several days a week c. a 43-year-old who decides to quit his career as a financial analyst to become a yoga instructor d. a 21-year-old who just graduated from college and is looking for a part-time clerical job because he has no work experience