Refer to the information provided in Figure 7.1 below to answer the following question(s).  Figure 7.1Refer to Figure 7.1. This corn producer produces 100 bushels of corn and sells each bushel at $5. The cost of producing each bushel is $2. This corn producer's total revenue is ________ and profit is ________.

A. $200; $300
B. $300; $200
C. $500; $200
D. $500; $300


Answer: D

Economics

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Refer to the above figures. Which panel(s) represent the effect of a decrease in labor productivity?

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a. It is positive and stable. b. It is positive but unstable. c. It is negative and stable. d. It is negative but unstable. e. There is no relationship between the two variables.

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As the interest rate increases, the velocity of money will increase as well

a. True b. False Indicate whether the statement is true or false

Economics