A) Canada
B) France
C) United States
D) Japan
B) France
C) United States
D) Japan
A. its shutdown point.
B. its breakeven point.
C. a loss.
D. a short-run profit.
Answer: B
In a properly functioning economy, money costs approximate opportunity costs.
Answer the following statement true (T) or false (F)
The demand for a monopoly's output is p = 100 - Q. The firm's production function is Q = 2L. Which of the following is the firm's demand for labor?
A) w = 200 - 8L B) w = 200 - 4L C) w = 100 - L D) w = 2L
Which country has the highest per capita health care expenditures in the world?
The main idea of demand is that
A. sales increase at lower prices. B. price does not affect sales. C. medical products should be free. D. sales do not vary if prices change.