Assume that a florist can earn an additional $20,000 of revenue each year from advertising once a week on a local television station
What must the additional cost of this once-a-week advertising be to make this advertising economically rational?
The additional cost of the once-a-week advertising must be no more than $20,000 for the year to make advertising economically rational.
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The directive of prompt corrective action means that
A) the FDIC will intervene earlier and more vigorously when a bank gets into trouble. B) the banks must take actions quickly to resolve reserve disputes. C) bank failures cannot occur. D) there must be an immediate response to an increase in interest rates.
Explain how the short-run industry supply curve for a perfectly competitive market is derived
A definition of the gross domestic product (GDP) is:
A. personal consumption expenditures, gross private domestic investment, and net exports. B. the market value of all intermediate goods and services produced by the economy in one year. C. the sum of wage and salary compensation of employees, interest income, and rental income. D. the market value of final goods and services produced by the economy in one year.
Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. In this monopolistically competitive industry, in the long run
A. demand for the product will decrease so that profits are decreased. B. the government will impose price controls to eliminate any economic profits. C. firms will continue to earn economic profits. D. firms will enter until all firms earn a normal profit.