Given that the firm wants to sell both the versions, how much surplus does buying the no-name brand give the professional chefs?
a. $30
b. $40
c. $50
d. $60
a
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Deliberately cutting taxes or increasing expenditures to fight an economic downturn is called ________
Fill in the blank(s) with correct word
Figure 5-5
Figure 5-5 shows a consumer budget line for French fries and hamburgers. The household allocates a budget for these two goods.. If the price of an order of french fries is $2, how much income is allocated to fries and burgers combined?
a.
$2
b.
$4
c.
$20
d.
$40
Unemployment is a:
A. lagging indicator, because the business cycle follows it. B. lagging indicator, because it follows the business cycle. C. leading indicator, because the business cycle follows it. D. leading indicator, because it follows the business cycle.
The U.S. Bureau of Labor Statistics forecasts that by 2024, total employment in U.S. ________ will decline to 11.4 million
A) manufacturing B) education C) health care fields D) law enforcement