Suppose TC = 10 + (0.1 ? q2). If p = 10, the firm's profit maximizing level of output is
A) 40.
B) 50.
C) 60.
D) 0, since the firm will shut down.
B
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In the Borda-count voting method, irrelevant alternatives are never an issue
Indicate whether the statement is true or false
An increase in a country's rate of inflation is apt to
A) reduce its imports and improve its trade balance. B) lower its nominal rate of interest and encourage an inflow of capital. C) worsen its balance of trade and balance of payments. D) decrease demand for the country's currency.
In an increasing-cost industry, an increase in industry output will
A) lead to a higher market price. B) lead to a lower market price. C) shift each firm's average fixed cost curve down. D) shift each firm's short run supply curve down.
Which of the following statements is true about migration behavior?
A. Older workers are more likely to migrate than younger workers. B. Migrants are more likely to migrate to countries farther rather than nearer to their home country. C. Single workers are more likely to migrate than workers with spouses and children. D. Workers are less likely to migrate where "beaten paths" exist.