Refer to Scenario 10.7. How many ink pads will be produced to maximize profit?
A) 50
B) 250
C) 500
D) 800
E) none of the above
B
You might also like to view...
A growing consensus among economists is that ________ policy is better suited for controlling GDP because of the promptness of ________ in making policy decisions
A) monetary, the Federal Reserve B) monetary, Congress C) fiscal, the Federal Reserve D) fiscal, Congress
Which of the following statements is false?
A) There are fewer farms in this country today than there were earlier in this century. B) In 2000, there were 8 million farms in the United States. C) Bad weather reduces the supply of foodstuffs and leads to greater farmer total revenue, assuming demand for the foodstuffs is inelastic. D) b and c
In practice, money supply and short-term interest rates are determined by the
A. Treasury and Commerce departments. B. Federal Open Market Committee. C. Board of Governors. D. House and Senate.
The presence of externalities favors ________ and the presence of other distortionary taxes favors ________.
A. neutral taxes; neutral taxes B. nonneutral taxes; neutral taxes C. neutral taxes; nonneutral taxes D. nonneutral taxes; nonneutral taxes