Refer to Scenario 12.2. What is the profit maximizing price?
A) 205.72
B) 240
C) 210
D) all of the above
E) none of the above
C
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A second-price auction
a. is also called an English auction b. is where the highest bidder wins and pays the amount of the next highest bid c. is where the sole remaining bidder wins and pays his winning bid d. all of the above
Inflation
A. has no impact on taxing strategies. B. can be temporarily offset with tax cuts. C. only became a tax problem in the late 1990s. D. generally affects state governments most severely.
Over the last 60 or so years, the percentage of women with paid jobs has increased significantly. Is this increase in female employment associated with an increase in the demand for labor, or is it associated with an increase in the supply of labor?
Approximately how much of aggregate national income in the United States is spent on health care today?
A. 18 percent B. 45 percent C. 3 percent D. 34 percent