Price ceilings set below the equilibrium create:
A. externalities.
B. unemployment.
C. shortages.
D. surpluses.
Answer: C
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Use the following graphs to answer the next question.
The long-run equilibrium for a monopolistically competitive firm is represented by graph
A. A. B. B. C. C. D. D.
The sum of compensation to employees, rental income, corporate profits, net interest, and proprietors' income is
A) gross domestic product. B) gross domestic income. C) net domestic income at factor cost. D) net domestic product.
Which of the following would not be considered a signal for a job as a public relations representative?
a. the number of minutes the candidate is allotted in the interview b. a high grade point average c. the suit the candidate wears to an interview d. the reputation of the college the candidate attended e. past salary history
Q TC MC 10 10,000 X 20 25,000 TC is $60,000 VC is $5,500 What is FC? What is X?
What will be an ideal response?