Refer to the given data. If the prices of labor and capital are $9 and $15 respectively, at the profit-maximizing level of output, the firm's total revenue will be:
A. $114.
B. $180.
C. $129.
D. $192.
D. $192.
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Which of the following is NOT a pure public good?
A. Telephones B. Clean air C. National defense D. All of the statements associated with this question are pure public goods.
All of the following are examples of oligopolistic markets except
A) the broadcasting industry. B) aircraft manufacture. C) college bookstores. D) seafood restaurant chains.
Sports announcers often refer to a batter in a hitting slump as "being due." If they are correct, then it must be the case that
A) a batter's hits are randomly distributed. B) a batter's at-bats are related to each other. C) a batter's at-bats are independent of each other. D) baseball players are acting irrationally.