In the above figure for a monopolistically competitive firm, the total cost at the profit-maximizing point is
A) $480.
B) $400.
C) $540.
D) $880.
A
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The following are hypothetical exchange rates: $1 = 140 yen; 1 Swiss franc = $0.10. We can conclude that ________.
A. 1 yen = 14 Swiss francs B. 1 yen = 280 Swiss francs C. 1 Swiss franc = 14 yen D. 1 Swiss franc = 28 yen
Which of the following is likely to happen if the government increases its expenditure?
A) Price level will fall. B) Investment will decrease. C) Unemployment will increase. D) Consumption will increase.
According to the theory of rational expectations, when it comes to expected changes in the inflation rate, the short-run Phillips curve would be: a. vertical
b. horizontal. c. upward sloping. d. downward sloping.
Which of the following are government franchises?
a. Regional phone companies. b. The United States Postal Service. c. Electric utilities. d. All of the above.