A firm sells 300,000 units per week. It charges $ 35 per unit, the average variable costs are $40, and the average costs are $55 . In the short run, the firm should
a. Shut-down as the firm is making a loss of $15 million per week
b. Shut-down as the firm cannot cover the variable costs
c. Shut down because the price is lower than average cost
d. None of the above
b
Economics
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In an expansion, the cyclical rate of unemployment is often:
A. zero. B. positive. C. negative. D. equal to the natural rate of unemployment.
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Will consumption taxes lead to more savings? Why or why not?
What will be an ideal response?
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Refer to the scenario above. What is the present value of the gift voucher for Susan?
A) 30 utils B) 45 utils C) 90 utils D) 180 utils
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A tax is progressive if the average tax rate
A) increases as income increases. B) increases as income decreases. C) is negative. D) is positive.
Economics