Only a small proportion of corporate stock owners have incomes under $100,000
Indicate whether the statement is true or false
F
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Use the following table to answer the question below.Alexandra's Production Possibilities ScheduleNatalia's Production Possibilities ScheduleNumber of Scarfs Knitted per dayNumber of Sweaters Knitted per dayNumber of Scarfs Knitted per hourNumber of Sweaters Knitted per hour040433236242916112080Which of the following is an acceptable term of trade?
A. 4 scarves for 2 sweaters B. 6 scarves for 1 sweater C. 2 scarves for 2 sweaters D. 10 scarves for 3 sweaters
According to the circular flow model, ________.
A. net investment must equal gross investment B. income must equal expenditures C. exports must equal imports D. saving must equal investment
A local bagel company plans to keep and maintain its bagel factory, which is estimated to last 25 years. All cost decisions it makes during the 25-year period
a. are short-run decisions b. are long-run decisions c. involve only maintenance of the factory d. are zero, since the cost decisions were made at the beginning e. involve both fixed and variable cost
Consider a firm operating with the following: price = 10; MR = 10; MC = 10; ATC = 10. This firm is:
A. making an economic profit of 10. B. an example of monopolistic competition. C. perfectly competitive in long-run equilibrium. D. a monopolist for a product with a relatively inelastic demand.