Refer to the information provided in Figure 15.5 below to answer the question(s) that follow.  Figure 15.5 Refer to Figure 15.5. Assume The Custom Sweater Shop has fixed costs of $350 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should produce ________ personalized sweaters.

A. 0
B. 50
C. 100
D. 75


Answer: A

Economics

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A. increase aggregate demand in the U.S. B. decrease aggregate demand in the U.S. C. decrease aggregate supply in the U.S. D. increase aggregate supply in the U.S.

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Net investment plus depreciation is equal to

A) gross exports. B) gross depreciation. C) gross investment. D) gross domestic product.

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If you look at median income from all sources, women make ________ of what men make.

A. 10% B. 61% C. nearly equal D. 78%

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The term consumer sovereignty means that:

A. Government is responsible for protecting consumers' interests B. What is produced is ultimately determined by what consumers buy C. There are no limits on what consumers may buy in a market system D. Producers have strong control over what consumers buy

Economics