In the above figure, what is the price the firm receives if the output is 8?
A. $10
B. $7
C. $2
D. $8
Answer: A
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Within the U.S. population, women of prime working age (ages 25-54) have similar rates of labor-force participation than men of prime working age (ages 25-54), regardless of race
a. True b. False Indicate whether the statement is true or false
In the long run, a decrease in the money supply growth rate
a. increases inflation and shifts the short-run Phillips curve right. b. increases inflation and shifts the short-run Phillips curve left. c. decreases inflation and shifts the short-run Philips curve right. d. decreases inflation and shifts the short-run Phillips curve left.
A depreciation of the South Korean won against the U.S. dollar will
A. Raise the dollar price of Korean goods. B. Lower the won price of Korean goods. C. Lower the dollar price of U.S. goods. D. Raise the won price of U.S. goods.
Joaquin's marginal utility from an additional slice of pumpkin pie is 4 utils and his marginal utility from an additional slice of pecan pie is 6 utils. If a slice of pumpkin pie costs $2.50, and a slice of pecan pie costs $3.00, then Joaquin:
A. should reallocate his spending towards pecan pie and away from pumpkin pie. B. should reallocate his spending towards pumpkin pie and away from pecan pie. C. is maximizing his utility. D. should spend more on pumpkin pie and more pecan pie.