Use the above figure. The total profit earned by this monopolistically competitive firm is
A. $1,600.
B. $480.
C. $1,900.
D. $2,560.
Answer: B
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A particularly attractive feature of the ________ is that it tells you what the market is predicting about future short-term interest rates by just looking at the slope of the yield curve
A) segmented markets theory B) expectations theory C) liquidity premium theory D) separable markets theory
Recently, Argo Chemical’s 8.5 percent bonds maturing in 2019 closed at $92 with a face value of $100. This means the Argo bonds
A. sold for $92 each. B. increased in value $92 that day. C. sold at 92 percent of par value. D. had the year of maturity changed to 1992.
Typical structure characteristics of interest to Industrial Organization researchers include
a. Barriers to entry b. Product differentiation among firms c. The number and size distribution of firms d. All of the above
A sandwich shop owner has the following information: P = MR = $4, ATC = $2, AVC = $1, MC = 4, and Q = 500 . From this, she can determine
a. her profits are not being maximized b. she has earned zero economic profits c. she has earned economic profits of $1,000 d. she has earned economic profits of $1,500 e. she should sell fewer sandwiches