If the firm in the figure above is unregulated, it will make an economic profit of
A) zero.
B) -$240.
C) $100.
D) $400.
C
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
One signal that the U.S. dollar was overvalued in the early 1970s was
a. the stable price of gold b. the volume of international trade c. the recurring balance of trade deficits in the United States d. the recurring balance of trade deficits in European countries e. reduced deposits in the World Bank
If the Fed sells a U.S. government bond to a bank, what is the effect on the money supply? a. It will increase
b. It will not change. c. It will decrease. d. It will be uncertain.
What is a bilateral monopoly? What is the economic outcome from a bilateral monopoly? Is a bilateral monopoly a “bad” situation for society?
What will be an ideal response?