Refer to the above graph. Consider a monopolist in short-run equilibrium. This monopolist:

A. has a loss per unit equal to DE.
B. will cease production since its economic profits are negative.
C. earns economic profit equal to area ABED.
D. has total fixed costs equal to area BEFC.


Answer: A

Economics

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Which statement is definitely true about shelter in the above below?  

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Missy Knowles is in charge of all technical developments at Gumby Polymer Rubber. She makes all the choices concerning product innovations in the company. She finds that she is overworked and that several of her research chemists seem to be spending work hours playing golf. What managerial advice would you provide to Gumby Polymer Rubber (GPR)? Clearly explain your reasoning.

What will be an ideal response?

Economics

All of the following are possible explanations for why it took so long for trade balances to respond to the depreciation of the dollar EXCEPT

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Economics