A firm that must determine the price-output combination that maximizes profit because it faces a downward-sloped demand curve
A) has a perfectly elastic demand curve.
B) has a perfectly inelastic demand curve.
C) is a price-taker.
D) is a price searcher.
D
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Overall, government intervention in the financial system ________
A) is both essential and imperfect B) prevents adequate market solutions to market problems C) is continually improving and expanding D) is incompatible with an efficient allocation of resources
The slope of a line is the
A) change in the values along the x-axis divided by the change in the values along the y-axis. B) values on the x-axis divided by the values on the y-axis. C) change in the values along the y-axis divided by the change in the values along the x-axis. D) values on the y-axis divided by the values on the x-axis.
The reason some insurance customers are more eager to purchase insurance is
a. they are more risk averse b. they are less risk averse c. they have a greater risk of making a claim d. A and C
According to the World View article that compares GDP per capita figures for several nations, which of the following nations has the highest GDP per capita?
A. Japan. B. United States. C. Great Britain. D. China.