A competitive firm sells 500 units of output and its marginal revenue at 500 units of output is $35 . The firm's total revenue amounts to __________

Fill in the blank(s) with correct word


$17,500

Economics

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Suppose the base reference period is 1982-1984. If your nominal wage rate is $8.00 per hour when the CPI is 180, what is your real wage rate in 1982-1984 dollars?

What will be an ideal response?

Economics

Keeping in mind the Coase theorem, in the figure above if the pesticide factories own the lake, how much pesticide is produced?

A) 300 tons per month B) 240 tons per month C) 180 tons per month D) 360 tons per month

Economics

Can the Federal Reserve achieve both low inflation and low levels of unemployment? Explain

What will be an ideal response?

Economics

The "Four Freedoms" do NOT include the right to

A) vote in local elections. B) migrate within the EU. C) write insurance policies throughout the EU. D) open bank accounts anywhere in the EU. E) move goods from one country to another inside the EU.

Economics