Refer to the data. If product price is $45, the firm will:
A. shut down.
B. produce 4 units and realize a $120 economic profit.
C. produce 5 units and realize a $15 economic profit.
D. produce 6 units and realize a $100 economic profit.
C. produce 5 units and realize a $15 economic profit.
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In the United States during the Vietnam War era, as military spending increased
A) unemployment dropped to very low levels. B) frictional unemployment dropped, but cyclical unemployment increased. C) both frictional and cyclical unemployment increased. D) overall unemployment rates did not change.
In the above table, the inflation rate between 2014 and 2015 is approximately
A) 10 percent. B) 11 percent. C) 121 percent. D) None of the above answers is correct.
Which of the following makes it possible for even a small investor to hold a diverse set of stocks and still keep the cost of purchasing additional stock holdings low?
A) an equity (stock) mutual fund B) a real world savings account C) a bond mutual fund D) a checking account at a local bank
Suppose technical change makes it cheaper for cable television suppliers to supply their service. The capture theory would predict that the regulators would
A. force the firms to pass the savings on to consumers in the form of better service. B. force the firms to pass the savings on to consumers in the form of lower prices. C. force the firms to pass some of the savings on to consumers and permit them to keep some of the savings for themselves. D. allow the firms to capture the savings and would lower price only if the firms asked them to.