In the above figure, if the price is P1 and the firm produced Q1, the firm's economic profit is ________ than if it produced Q2 and ________ than if it produced Q3
A) less; less
B) less; more
C) more; less
D) more; more
B
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Dividing fiscal policy into two instruments has the effect of introducing another policy target:
A) the interest rate. B) the national debt. C) the unemployment rate. D) the division of output between public and private spending.
If two workers can produce 22 units of output, and the addition of a third worker increases output to 30 units, the marginal product of the third worker is:
a. 8 units. b. 10 units. c. 22 units. d. 30 units.
The market for toothpaste is a good example of perfect competition
a. True b. False Indicate whether the statement is true or false
Usury laws tend to hurt whom?
a. suppliers of loans b. consumers who cannot get credit c. bank stockholders d. All of the above are correct.