The primary goal of a business firm is to
A) promote fairness.
B) make a quality product.
C) promote workforce job satisfaction.
D) maximize profit.
E) increase its production.
D
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Your weekly budget for gasoline and movie rentals is $45.00. Referring to the figure above, what is the price per gallon of gasoline?
A) $1.00 B) $1.25 C) $1.50 D) $1.75
Refer to Figure 10-5. The consumer can afford consumption bundles
A) r, s, t, and u. B) r, s, v, and u. C) s, v, t, and u. D) s, v, and u only.
In a competitive market with large search costs, many firms, and asymmetric information, why is the monopoly price the only possible single-price equilibrium?
What will be an ideal response?
An increase in aggregate demand when the economy is operating ________ is likely to result in an increase in the overall price level and ________ in output.
A. below full capacity; no increase B. below full capacity; a decrease C. at full capacity; no increase D. at full capacity; a decrease