Refer to Figure 13-9. Which of the graphs in the figure depicts a monopolistically competitive firm that is earning economic profits?
A) Panel A B) Panel B
C) Panel C D) Panel A and Panel B
A
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Which of the following statements is true?
A) Exponential growth refers to growth by the same amount in every time period. B) To depict variables that have exponential growth, it is more convenient to use an axis with a proportional scale. C) Linear growth refers to growth by the same proportion in every time period. D) To depict variables that have exponential growth, it is more convenient to use an axis with a linear scale. Consider two countries: country A and country B. At the beginning of year 2010, the GDP per capita in both countries is $2,400. The annual growth rate of output in country A is 3%, while the annual growth rate of output in country B is 5%.
Refer to Figure 8.1. The ideal outcome for the players would be for Charla to play ________ and for Mirna to play ________
A) Install; Install B) Install; Don't Install C) Don't Install; Install D) Don't Install; Don't Install
If a government increases its budget deficit, then the real exchange rate
a. and domestic investment rise. b. and domestic investment fall. c. rises and domestic investment falls. d. falls and domestic investment rises.
Suppose that two firms in an industry that has a Herfindahl index of 1,000 announce a merger. The U.S. Justice Department concludes the merger will boost the index to 1,050. The antitrust authorities will most likely:
A. ignore this merger because of the relatively small size of, and increase in, the Herfindahl index. B. prevent the merger, contending that it violates the Clayton Act. C. allow the merger if foreign entry to the industry is possible. D. allow the merger but watch the new firm carefully for future violations of the antitrust laws.