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