Refer to the diagram, assuming that the firm represented is operating on curve TC 0 . How much will the firm extract this year?
A. 500.
B. 750.
C. 1,000.
D. It cannot be determined with the information given.
C. 1,000.
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Refer to Figure 23-1. At point J in the figure above, which of the following is true?
A) The economy has achieved macroeconomic equilibrium. B) Actual inventories are less than planned inventories. C) GDP will be decreasing. D) Aggregate expenditure is less than GDP.
What function is money playing in each of these situations: a. You walk into a store in Germany and see that all the prices are in euros. b. You buy a candy bar for $1.25. c. Your Aunt Jane keeps $100 bills tucked into many books in her house
What will be an ideal response?
A review of the performance of the economy during the Bush administration is the concern of:
a. macroeconomics. b. microeconomics. c. both macroeconomics and microeconomics. d. neither macroeconomics nor microeconomics.
The short-run average total cost curve is U-shaped because average fixed costs ________ and average variable costs ________ eventually as quantity produced increases.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease