One example of human capital is the amount of skills that you have

Indicate whether the statement is true or false


TRUE

Economics

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The above figure shows the cost curves for a competitive firm. If the profit-maximizing level of output is 40, price is equal to

A) $0. B) $15. C) $10. D) $11.

Economics

A horizontal demand curve is

A. has elasticity of zero. B. unit elastic. C. perfectly elastic. D. perfectly inelastic.

Economics

A bilateral monopoly is a market in which there are:

A. many sellers and many buyers. B. many buyers but only a single seller. C. many sellers but only a single buyer. D. only a single seller and a single buyer.

Economics

If real GDP falls from one period to another, we can conclude that:

A. deflation occurred. B. inflation occurred. C. nominal GDP fell. D. None of these necessarily occurred.

Economics