A perfectly competitive firm is producing 700 units, which is their profit-maximizing output level. The market price for their good is $2 and the firm's average total cost to produce the 700 units is $0.50. What is their profit or loss from producing the 700 units?
A) $1,050
B) -$1,750
C) -$1,050
D) $1,750
A) $1,050
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Answer the following statements true (T) or false (F)
1. Shakespeare got his ideas for the five-act play and the tragic form from medieval practice. 2. English public theatres were open to all, but only members of the court could attend the private theatres. 3. In Spain, but not in England, female spectators had special entrances to special seating.
Lamarkian evolution is also known as
A. variational evolution B. notional selection C. evolution by descent D. transformational evolution
Carefully distinguish between the concepts of archetype and species (as the latter is used today).
What will be an ideal response?
In chiefdoms, individuals were ranked according to seniority, but everyone was believed to have descended from a common set of ancestors.
Answer the following statement true (T) or false (F)