If a monopolistic competitor earns a total profit of $6,000 by selling 50 units of output at a price of $400 per unit, its total cost of production is $14,000
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following would likely take the longest time to enact?
A) Federal government fiscal policy that strives for a balanced budget B) The Fed's lowering of the discount rate C) The Fed's raising of the discount rate D) The Fed's engagement in open market operations
A decision by Congress to reduce spending in order to balance the government's budget is an example of ________ policy.
A. monetary B. fiscal C. structural D. aggregation
If Bart's money wages doubled from 2013 to 2018 and the consumer price index rose by 50%, we would know that Bart's real wages
A. fell by 50%. B. stayed about the same. C. rose by less than 50%. D. doubled.
When the error variance differs across the two groups, we can obtain a heteroskedasticity-robust Chow test by including a dummy variable distinguishing the two groups along with interactions between that dummy variable and all other explanatory variables.?
Answer the following statement true (T) or false (F)