If a firm in a perfectly competitive market faces a market price of $5, and it decides to produce 400 units, the firm's total revenue will be:
A. $5.
B. $400.
C. $2,000.
D. $405.
C. $2,000.
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In the above figure, the profit-maximizing output and price for this monopolistically competitive firm are
A) 10,000 units at a price of $10 per unit. B) 10,000 units at a price of $5 per unit. C) 13,000 units at a price of $7 per unit. D) 12,000 units at a price of $8 per unit.
Zero-down mortgages meant that borrowers were ______.
a. more motivated to find a way to pay their mortgage b. more likely to default and walk away from their mortgage c. less able to borrow more than they could afford d. more able to build equity quickly
Banks primarily make a profit by ______.
a. charging their borrowers more interest than they give their depositors b. paying a portion of customer deposits for claims, and keeping the rest c. earning a commission from each sale of stock they make d. charging fees each time they facilitate an exchange
Two examples of governments that printed large quantities of paper currency to finance massive budget deficits, causing hyperinflation, are ________ and ________.
A. the United States during the Great Depression; Germany after World War I B. the Confederacy during the American Civil War; Germany after World War I C. the Confederacy during the American Civil War; Japan after World War II D. the United States during the Great Depression; Japan after World War II