A perfectly competitive firm’s short-run supply is infinite at the market price.

Answer the following statement true (T) or false (F)


False

Economics

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Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is $4 and the wage rate is $50 per day, how many workers should Winnie employ to maximize his profit?

A) 1 B) 2 C) 3 D) 4

Economics

Calculate the new real GDP and explain why real GDP increases by more than $5 billion

What will be an ideal response?

Economics

Unbundling mail services raises efficiency

Indicate whether the statement is true or false

Economics

Which of the following would probably not result in acquiring human capital?

A. Taking an economics course. B. Learning how to make chicken parmigiana. C. Playing varsity soccer. D. Purchasing a new piece of machinery.

Economics