Refer to the table shown. The maximum profit that the perfectly competitive firm represented by the above data could earn is:QuantityTotal CostTotal Revenue10$255020601003010515040160200
A. $55.
B. $45.
C. $35.
D. $25.
Answer: B
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Graphically, the full-employment, low-inflation, rapid-growth economy of the last half of the 1990s is depicted by a ________.
A. rightward shift of the aggregate demand curve along a fixed aggregate supply curve B. leftward shift of the aggregate demand curve and a leftward shift of the aggregate supply curve C. rightward shift of the aggregate supply curve along a fixed aggregate demand curve D. rightward shift of the aggregate demand curve and a rightward shift of the aggregate supply curve
Foreign investment in the United States and U.S. investment abroad is recorded in the
A) capital and financial account. B) investment account. C) current account. D) creditor/debtor account. E) official settlements account.
An individual decides to rent an apartment for $7,000 per month. The commuting time from this apartment to his office is 80 hours per month
If the individual's opportunity cost of time is $30 per hour, calculate the direct cost, indirect cost, and total cost per month she would incur if she rents the apartment.
Which of the following statements is TRUE?
A) Bank failures inflict serious financial harm on individual depositors. B) Bank failures do not inflict serious financial harm on individual depositors. C) Bank failures inflict not only serious financial harm on individual depositors, but also harm the macroeconomic stability of the economy. D) Bank failures inflict serious financial harm on individual depositors, but fortunately do not harm the macroeconomic stability of the economy. E) Bank failures only inflict serious financial harm on the macroeconomic stability of the economy.