The firm's shutdown point occurs at an output of
A. 40.
B. 45.
C. 50.
D. 55.
>
A. 40.
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Explain why the timing of fiscal policy may be more difficult than the timing of monetary policy
What will be an ideal response?
The price elasticity ofdemand for insulin is:
A. likely to be perfectly inelastic over some range of prices. B. perfectly elastic. C. a large portion of someone's income. D. low relative to the supply.
Which of the following is true?
a. Incentive compensation imposes no risks on the agents and thus should not affect their compensation b. Incentive compensation imposes risk on the agent but need not be compensated for c. Incentive compensation imposes risk on the agent for which they should be compensated d. Incentive compensation is a bad idea
The demand curve facing a firm will be more elastic,
a. the fewer the number of competing firms b. the more differentiated the product c. the more substitutes there are for its product d. the greater the firm's ability to control price e. the larger the profit the firm can make