Suppose TC = 10 + (0.1 ? q2). If p = 10, the firm's profits will be
A) 240.
B) 250.
C) 260.
D) -10 because the firm will shut down.
A
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The supply curve of U.S. dollars shifts leftward. This could have been influenced by ________
A) a rise in the U.S. interest rate differential B) a fall in the expected future exchange rate C) an increase in the U.S. exchange rate D) a decrease in the U.S. exchange rate
A strategy is dominated if:
A. there are no other strategies that yield higher payoffs, regardless of others' choices. B. there is some other strategy that yields a strictly higher payoff regardless of others' choices. C. there is some other strategy that yields a strictly higher payoff in some circumstances and that never yields a lower payoff regardless of others' choices. D. there is some other strategy that yields a strictly higher payoff in some circumstances and may yield a lower payoff, depending upon other players' choices.
If the Fed were to change the reserve requirement in an effort to increase the money supply, they would:
A. increase the reserve requirement. B. decrease the reserve requirement. C. open the discount window longer. D. increase the discount rate.
When a firm is experiencing diminishing returns:
A. average cost is always increasing. B. average cost is always decreasing. C. marginal costs are always less than average costs. D. None of these