Exhibit 8-15 Short-run cost curves for E-Z Care lawn mowing company
In Exhibit 8-15, what market price would cause E-Z-Care to just break even?
A. $6 per lawn.
B. $8 per lawn.
C. $12 per lawn.
D. $16 per lawn.
Answer: C
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When the natural unemployment rate increases,
A) both the long-run Phillips curve and the short-run Phillips curve shift leftward. B) there are no shifts of either the long-run Phillips curve or the short-run Phillips curve. C) both the long-run Phillips curve and the short-run Phillips curve shift rightward. D) the long-run Phillips curve shifts leftward, and the short-run Phillips curve shifts rightward. E) the long-run Phillips curve shifts rightward, and the short-run Phillips curve shifts leftward.
The deep recession of 1973-1975 was mainly caused by
A) flawed technology that caused a drop in TFP. B) an unexplained drop in business optimism. C) slower money growth. D) higher oil prices.
Vertical contracts generally run ______the goals of the customers
a. Indifferent to b. In line with c. Contrary to d. None of the above
Refer to the information. In equilibrium saving will be:
Answer the question on the basis of the following information for a private closed economy, where I g is gross investment, S is saving, and Y is gross domestic product (GDP).
A. $40.
B. $120.
C. $60.
D. $80.