Refer to Figure 13-6. Suppose Dell finds the relationship between the average total cost of producing notebook computers and the quantity of notebook computers produced is as shown by Figure 13-2
Dell will maximize profits if it produces ________ notebook computers per month.
A) 100,000
B) 200,000
C) 300,000
D) Not enough information is given to determine the profit-maximizing quantity.
D
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Economics is the only social science and the only business discipline for which the Nobel Prize is awarded.
a. True b. False
A temporary decrease in the price of oil will shift the short run aggregate supply curve right but not shift the long run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
Suppose there is a competitive market for retail workers at a large shopping mall that is large enough to constitute its own labour market. The labour demand curve is QD = 1000 - 20(w). The labour supply curve is QS = 400 + 40(w). Suppose that a union now successfully organizes the workers at this mall and obtains a wage rate of $11 (but does not affect the demand curve). One result is
A) a decrease in employment of 60 workers. B) a decrease in employment of 20 workers. C) an increase in employment of 20 workers. D) an increase in employment of 40 workers. E) a decrease in employment of 40 workers.
The appropriate “medicine” for correcting payments imbalances under a fixed exchange rate system is
A. inflation for deficit countries and recessions for surplus countries. B. no change for surplus countries and tax cuts for deficit countries. C. inflation for surplus countries and recessions for deficit countries. D. sales of gold for deficit countries and revaluations for surplus countries.