The major trade group in South America involving Brazil, Paraguay, Uruguay, and Argentina is ________.
A) Mercosur
B) UNASUR
C) APEC
D) CAN
A) Mercosur
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What will happen to the demand for beers such as Natural Light, Coors Light and Bud Light near college towns if students' income increased tremendously?
a. Demand will fall because students love these beers b. Demand will fall because these beers are considered inferior goods c. Demand will rise because these beers are considered inferior goods d. Demand will not change as students are already maximizing their drinking capacity
Economists normally assume that the goal of a firm is to (i) earn profits as large as possible, even if it means reducing output. (ii) earn revenues as large as possible, even if it means reducing profits. (iii) minimize costs, regardless of profits
a. (i) only b. (i) and (ii) only c. (ii) and (iii) only d. (i), (ii), and (iii)
The manager of Greene Enterprises, Inc., recently estimated its average variable cost (AVC) function to beAVC = 88 - 0.026Q + 0.000003Q2Greene Enterprises faces total fixed costs (TFC) of $300,000. When Greene's output is 2,000 units, what is total cost (TC)?
A. $396,000 B. $846,000 C. $144,000 D. $444,000 E. $642,000
When there are part minus time workers nbsp?, the official BLS measure of the unemployment rate _____________ the true degree of unemployment
What will be an ideal response?