Increased concern about environmental problems derive partly from
a. concerns about increasing economic output.
b. concerns about unemployment and inflation.
c. new awareness that the problems exist.
d. concerns about the quality of life.
d
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The table below describes the relationship between the number of workers hired by a call center each hour and the number of calls the call center can make each hour. The call center has only 1 telephone. The telephone costs the firm $5/hour (regardless of how many calls are made), and each worker is paid $10 per hour.Calls PerHourNumber ofTelephonesPer HourNumber ofWorkersPer Hour0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225What is the total cost of making 6 calls an hour?
A. $40 B. $60 C. $30 D. $65
All the production points that lie above the total product curve are inefficient
Indicate whether the statement is true or false
The price elasticity of a horizontal demand curve is always
A. infinitely large. B. zero. C. one. D. increasing as price increases.
Refer to Figure 12-2. What happens if the firm produces more than Q4 units?
A) It could make a profit or a loss depending on what happens to demand. B) Its total revenue is increasing faster than its total cost. C) Its profit increases. D) It makes a loss.