If the firm shown in the table changes the quantity it produces to 7, what would be the result?
a. The company would take a loss.
b. The company would make a slight profit.
c. The company would break even.
d. The company would make a large profit.
a. The company would take a loss.
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If the government liberalizes immigration policies, the demand for labor will ________, the real wage will ________, and the quantity of labor hired will ________
A) remain the same; decrease; increase B) increase; decrease; remain the same C) remain the same; decrease; decrease D) remain the same; increase; decrease
An industry in which economies of scale allow one firm to supply the entire market at the lowest possible cost is called a
A) legal monopoly. B) natural monopoly. C) single-price monopoly. D) one-firm monopoly.
Fitness is a magazine for women about health and exercise. Fitness offers year subscriptions for $12 on their website. Jess, Ania, Mandy, and Chloe exercise together and each enjoy reading Fitness
Jess is willing to pay $10, Ania is willing to pay $16, Mandy is willing to pay $24, and Chloe is willing to pay $12 for a subscription to the magazine. Who will subscribe to the magazine? A) Ania, Mandy, and Chloe B) Jess, Ania, Mandy, and Chloe C) Jess, Ania, and Chloe D) Mandy and Chloe
In several years, bondholders may lose confidence in the United States willingness to pay back funds.
Answer the following statement true (T) or false (F)