Refer to the scenario above. Julie should place a bid of ________
A) $300
B) $150
C) $200
D) $250
C
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Which of the following workers is most likely to be asked to post a performance bond?
A) construction contractor B) fast food worker C) economics professor D) book author
Which of the following cannot be classified as a market structure?
a. Perfect Competition b. Monopoly c. All of the above d. None of the above
The demand for microwaves in a certain country is given by: D = 8,000 -30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. Suppose the economy is closed. The equilibrium price of a microwave is ________ and equilibrium quantity is ________.
A. $50; 8,000 B. $125; 4,000 C. $75; 6,000 D. $100; 5,000
If a households income falls from 26, 000 to 24, 000 and its savings falls from 1, 000 to 500, then its
What will be an ideal response?