In the above figure, the firm will shut down if quantity falls below
A) A.
B) B.
C) C.
D) D.
A
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If the Canadian dollar price of a United States dollar increases from C$0.80 to C$1.00, it can be concluded that ________.
A. the Canadian dollar has appreciated in value relative to the United States dollar B. the United States dollar has depreciated in value relative to the Canadian dollar C. the Canadian dollar has depreciated in value relative to the United States dollar D. both countries are on the international gold standard
The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 400 and Qd = 500 - 0.02W, where W is the annual wage of a coal miner and Q is the number of coal miners. What is the profit maximizing number of coal miners for the coal mine to hire?
A. 300 B. 150 C. 100 D. 33.33
Each member of the Board of Governors of the Fed serves:
a. a four-year term that begins at the same time as that of the newly elected president. b. a four-year term that does not coincide with the term of the current president c. until a new president is elected. d. a fourteen-year term. e. a six-year term.
An oligopolistic model in which firms produce exactly the same results as would exist if the industry was ________ is called the collusion model.
A. government regulated B. a monopoly C. monopolistically competitive D. perfectly competitive