Draw a graph of the monopolistic competitor making a profit in the graph provided below.
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The table above has information about the CPI, nominal wage rate, and nominal interest rate for the country of Syldavia for the years 2010 to 2012. The reference base year is 2010. The real interest rate in Syldavia during 2012 was
A) 2.8 percent. B) 5.2 percent. C) 9.0 percent. D) 0.6 percent. E) 8.4 percent.
Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. What is the marginal product of labor when the 5th worker is hired?
A) 72.5 car washes B) 75 car washes C) 5 car washes D) 3 car washes
The ATC curve is __________ and the AVC curve is __________.
A. U-shaped; U-shaped B. not U-shaped; not U-shaped C. U-shaped; not U-shaped D. not U-shaped; U-shaped
Product markets are defined as ______.
a. places where households can buy necessities using government rebates b. markets where products are bought by firms and sold by households c. markets where products are bought by households and sold by firms d. places where households can sell their labor and services