The midpoint price between $20 and $40 is
a. $10
b. $20
c. $30
d. $15
e. $200
C
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Sheena lost her job as a sales manager when she quit to move to Texas. She is currently submitting applications and doing job interviews. What type of unemployment is this?
a. structural b. cyclical c. she is not unemployed d. frictional
Use the following graph to answer the question below.
If the price increases from P1 to P2, then the total revenue will gain areas
A. E + F + G, but it will lose area J. B. B + E, but it will lose areas H + I + J. C. A + B + C, but it will lose areas G + I + J. D. C + F + H, but it will lose area J.
Asymmetric information is
A. an externality. B. the regulatory price for a natural monopoly. C. when a market failure occurs. D. when the producer has information on the product that the consumer lacks.
The monetary base is smaller than the money supply
Indicate whether the statement is true or false