The expression, IM, represents the value of imports in terms of
A) foreign currency.
B) domestic currency.
C) foreign goods.
D) domestic goods.
E) exports.
C
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Radon Research Corporation (RRC) is one of 24 firms in Albuquerque testing homes for dangerous levels of radon gas. There is a standard test that all testing companies use. The manager of RRC wants to know the number of homes to test in 2015 in order to maximize the firm's profit. The manager forecasted a price of $160 for radon tests in 2015. The firm's marginal cost was estimated asSMC = 200 ? 15Q + 0.8Q2where Q is the number of tests performed each week. RRC's fixed cost will be $250 per week. The weekly profit (loss) at RRC in 2015 will be
A. $86 B. -$61 C. -$121 D. $320 E. $121
The supply of loanable funds slopes upward to the ______________________.
Fill in the blank(s) with the appropriate word(s).
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost curve is C(Q) = 10 + 4Q + 0.5Q2. What will happen in the long run if there is no change in the demand curve?
A. There will be neither entry nor exit from the market. B. Some firms will enter the market eventually. C. Some firms will leave the market eventually. D. None of the answers is correct.
When drawn against the current real wage, the labor demand curve shift to the right if
A) the interest rate increases. B) current taxes increase. C) total factor productivity increases. D) future capital increases.