If this firm were a perfect competitor, at what price would it charge in the long run?
A. $10.10
B. $12.80
C. $14.20
D. $15.90
B. $12.80
You might also like to view...
If an economy has aggregate output of $20 trillion, then aggregate income is
A) $10 trillion. B) $20 trillion. C) $30 trillion. D) $40 trillion.
________ might cause the borrowing constraint to become non-binding, even though the consumer still cannot borrow
A) An increase in future (expected) income B) An increase in the real interest rate C) A decrease in current income D) A decrease in the real interest rate
Rent controls are
A) when rents are set above the market clearing level to aid landlords. B) used to provide incentives to contractors to build new apartments. C) used to generate revenue for the local government. D) when rents are set below the market clearing level.
Hailey worked for Autonation and was laid off when car sales fell during a recession with falling incomes. This is an example of
A. cyclical unemployment. B. seasonal unemployment. C. frictional unemployment. D. structural unemployment.