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

Economics

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a. True b. False

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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

Economics

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.

Economics

The appropriate “medicine” for correcting payments imbalances under a fixed exchange rate system is

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Economics