The graph above shows cost curves for a perfectly competitive firm. If market price is $5, how much profit will the firm earn?
A. $900
B. $600
C. ?$600
D. $3000
Answer: B
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Most mutual funds are
A) no-load funds. B) load funds. C) large-load funds. D) small-load funds.
According to the real business cycle theory, an increase in an input price, such as oil, will
A) increase both real Gross Domestic Product (GDP) and the price level. B) increase real Gross Domestic Product (GDP) but not change the price level. C) decrease real Gross Domestic Product (GDP) but increase the price level. D) decrease both real Gross Domestic Product (GDP) and the price level.
Agreeing with Keynesian economists, monetarists believe that the economy is subject to disequilibrium that must be corrected by government action
a. True b. False Indicate whether the statement is true or false
Which of the following about trade is true?
What will be an ideal response?