If the market share of the largest firm in an industry is 50%, then theoretically, the highest possible Herfindahl-Hirschman Index for this industry would be
A. 2,500.
B. 5,000.
C. 10,000.
D. 25,000.
B. 5,000.
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An increase in the reserve requirement will lead to increased net exports
Indicate whether the statement is true or false
The law of supply states that an increase in the price of a good
a. decreases the demand for that good b. decreases the quantity demanded for that good c. increases the supply of that good. d. increases the quantity supplied of that good. e. does none of the above
A restaurant hires cooks and waiters. Cooks earn $10 an hour; waiters earn $5 an hour. The manager, who wants to maximize the number of meals served given a fixed payroll of $45 per hour, expects the following from cooks and waiters: 
Given the above information, and given the fixed payroll, the maximum number of meals that can be served is
A. 670. B. 850. C. 1,130. D. 240. E. none of the above
Total revenue minus both explicit and implicit costs
a. gross earnings. b. marginal earnings. c. profit. d. net worth.