Refer to Table 14-6. What price will Sturdy Homes charge and what profit does Sturdy Homes expect to make?
A) Price = $12,000; expected profit = $3 million B) Price = $8,000; expected profit = $7 million
C) Price = $8,000; expected profit = $4 million D) Price = $10,000; expected profit = $5 million
D
You might also like to view...
Some economists and policymakers criticized the Fed for taking too much time understanding and identifying the problems in financial markets which led to the financial crisis of 2007-2009
This criticism best describes the ________ as a limitation of monetary policy. A) implementation lag B) recognition lag C) impact lag D) asymmetry lag
When trade is possible, each country can produce the goods that it has:
A. a comparative advantage at producing, rather than the exact combination of goods its consumers want. B. an absolute advantage at producing, rather than the exact combination of goods its consumers want. C. an absolute advantage at producing, rather than the goods it has a comparative advantage in. D. a comparative advantage at producing, rather than the exact combination of goods its producers want.
You buy a new car built in Sweden. Other things the same, your purchase by itself
a. raises both U.S. exports and U.S. net exports. b. raises U.S. exports and lowers U.S. net exports. c. raises both U.S. imports and U.S. net exports. d. raises U.S. imports and lowers U.S. net exports.
"Under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to the right places at the right time. This is a nearly impossible task without markets and profits." This quotation best
identifies the: A. incentive problem under central planning. B. coordination problem under central planning. C. self-sufficiency dilemma under communism. D. resource overcommitment problem under communism.