When an athletic shoe company is producing a level of output at which price is greater than MC, from society's standpoint the company is producing too
A. Little because society would be willing to give up more alternative goods in order to get additional shoes.
B. Little because society is giving up more to produce additional shoes than the shoes are worth.
C. Much because society is giving up more to produce additional shoes than the shoes are worth.
D. Much because society would be willing to give up more alternative goods in order to get additional shoes.
Answer: A
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According to Keynes, the effect on planned real investment spending resulting from the interest-rate impact of a decrease in the money supply
A) impacts the economy through the multiplier. B) does not impact the economy. C) impacts the economy by reducing the value of the U.S. dollar. D) impacts the economy by increasing the deficit.
Over what range of prices does a shortage arise? What happens to the price when there is a shortage?
What will be an ideal response?
If, for a $1000 premium, you buy a $100,000 put option on bond futures with a strike price of 110, and at the expiration date the price is 114, your ________ is ________
A) profit; $1000 B) loss; $1000 C) profit; $3000 D) loss; $3000
In the short run, the firm's break-even point is:
a. the minimum point of the firm's demand curve. b. the minimum point of the firm's average-total-cost curve. c. the minimum point of the firm's average-variable-cost curve. d. the minimum point of the firm's marginal-cost curve. e. the minimum point on the average-fixed-cost curve.