A firm that can determine the price-output combination in order to maximize profit is known as a
A) price searcher.
B) price taker.
C) demand searcher.
D) cost taker.
A
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Which of the following are primary concerns of the bank manager?
A) maintaining sufficient reserves to minimize the cost to the bank of deposit outflows B) extending loans to borrowers who will pay low interest rates, but who are poor credit risks C) acquiring funds at a relatively high cost, so that profitable lending opportunities can be realized D) maintaining high levels of capital and thus maximizing the returns to the owners
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Joshua's indifference curves for two products are shown below: 
Which of the following indifference curves is the least preferred?
A. U1 B. U2 C. U3 D. Unclear given the current information
In a market with positive externalities, the market equilibrium price will be less than the efficient equilibrium price
Indicate whether the statement is true or false