Refer to the information provided in Figure 8.7 below to answer the question(s) that follow. 
Figure 8.7 Refer to Figure 8.7. If Buffy gives 17 perms per day, her total revenue is
A. $3.
B. $51.
C. $153.
D. $204.
Answer: D
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The firms in a perfectly competitive are making an economic profit when new firms enter. The entry shifts the short-run market supply curve ________, the market price ________, and each firm's economic profit ________
A) leftward; rises; decreases B) rightward; rises; increases C) rightward; falls; decreases D) leftward; falls; decreases
Compare and contrast absolute advantage and comparative advantage
What will be an ideal response?
An individual paying twice as much in Social Security taxes over her lifetime as another individual would receive at least twice as much in Social Security benefits
a. True b. False
The long-run aggregate supply curve for an economy is always _____
a. vertical b. horizontal c. downward sloping d. upward sloping