Figure 11-7
The firm shown in Figure 11-7 is an unregulated monopolist; it totals equals _____ .
A. $300
B. $600
C. $400
D. $625
Answer: B
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The domestic currency will ________ with a(n) ________ in the foreign interest rate
A) depreciate; increase B) appreciate; increase C) depreciate; decrease D) appreciate; decrease
A free-rider is someone who receives the benefit of a good but avoids paying for it
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 34.3 below to answer the question(s) that follow.
Figure 34.3Refer to Figure 34.3. Which of the following will shift the supply of pounds from S1 to S0?
A. a decrease in the British price level B. British people wanting to buy more U.S. goods and assets C. an increase in U.S. income D. a decrease in British income
Suppose a family-owned yogurt shop has $80,000 in total revenues, $36,000 in rent, and $20,000 in additional operating costs. The husband and wife work in the shop and pay no wages to themselves or others. The economic profits from the shop are
A) $24,000. B) less than $24,000. C) more than $24,000. D) $80,000.