Refer to the figure below.
If this market is unregulated, total economic surplus is:
A. $32.
B. $84.
C. $48.
D. $20.
Answer: A
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Refer to the information above. What is the value of the firm's capital stock at the end of period 5?
A) 612.5 B) 106.75 C) 175 D) 89.25
The value of GDP can be found by adding together
A. wages, consumption, investment, and imports. B. government purchases, consumption, net exports, and investment. C. consumption, government purchases, transfer payments, and net exports. D. wages, investment, government purchases, and depreciation.
Answer the following statements true (T) or false (F)
1) The interest-rate effect is one of the determinants of aggregate demand. 2) The real-balances effect indicates that inflation makes the public feel wealthier and they therefore spend more out of their current incomes. 3) Other things equal, an increase in productivity will shift the short-run aggregate supply curve rightward. 4) In the immediate short run, both input and output prices are fixed. 5) An increase in wealth from a substantial increase in stock prices will move the economy along a fixed aggregate demand curve.
A profit-maximizing firm will only produce a positive amount of output if:
A. its total revenue is greater than its total cost. B. its total revenue equals its total cost. C. its total revenue is greater than or equal to its variable cost. D. its total revenue is greater than its fixed cost.