If the price were $11, how much would the firm's output be in the short run?
16
You might also like to view...
Other things constant, which person is willing to save more?
A) One that has a higher rate of time preference B) One that has a lower rate of time preference C) One that has no rate of time preference D) One that has no consideration about the value of goods now and in the future
A risk-neutral individual will make investment decisions purely based on net present value because
A) she doesn't care about utility. B) utility is a linear function of wealth. C) she loves to take risk. D) net present value is always more than expected utility.
The limited savings of the poor is evidence of the flawed character of the poor
Indicate whether the statement is true or false
Below the short-run shutdown price, the firm
A) is earning positive economic profits. B) is earning negative economic profits. C) is making a normal rate of return on its capital investment. D) may be earning a positive or negative economic profits depending upon costs.