Marcus sells 300 candy bars at $0.50 each. His total costs are $125 . His profits are
a. $25.
b. $124.50.
c. $125.
d. $150.
a
You might also like to view...
All else equal and given the current system of exchange rates, if the United States enters a period of exceptionally strong growth,
A) the pressure on the dollar is to revalue. B) the pressure on the dollar is to devalue. C) the pressure on the dollar is to depreciate. D) the pressure on the dollar is to appreciate. E) Both A and D.
In the long run, the economic profits of a monopolistically competitive firm
A) will tend to be larger than in the short run. B) equal zero. C) will be the average short-run profits earned in the last five years. D) will be the same as in the short run.
Which of the following would cause both an increase in the price level and an increase in real output?
A. An increase in transfer payments. B. A tax hike. C. A decrease in government spending. D. A decrease in production costs.
The civilian labor force consists of:
A. all civilians over the age of 16. B. the employed plus the unemployed who are not in the military. C. only individuals who are actually at work during a given week. D. civilians who are not in prisons or mental hospitals.