Refer to the figure above. What is the optimal number of machines rented if the market rental price is $5 per month?
A) 20 machines
B) 40 machines
C) 80 machines
D) 100 machines
C
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The unemployment rate is the number of people classified as unemployed as a percentage of: a. the entire population
b. the population over the age of sixteen. c. the labor force. d. the number of people over the age of sixteen who are employed.
Which of the following would not be in this quarter's real GDP?
A. a new house that sold today B. a used truck that was sold to a business C. a bookstore adding to books in its warehouse D. a book manufactured in the U.S. and then sold in Mexico
Which of the following is NOT an alleged "unrealistic" assumption that proponents of behavioral economics suggest are commonly utilized in traditional economic models based on the rationality assumption?
A. unbounded will power B. unbounded selfishness C. unbounded resources D. unbounded rationality
In the market for birth control devices, if the number of women of child-bearing age increases, the
A. demand curve will shift to the left. B. supply curve will shift to the left. C. demand curve will shift to the right. D. supply curve will shift to the right.