Given the data in the above table, what is the marginal revenue when the 12th unit is sold?
A) $7.00
B) $5.00
C) $3.00
D) $1.00
A
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Critically evaluate the statement, "Budget deficits can only be bad for a country."
What will be an ideal response?
The above figure shows the supply curves in four different markets. If each of the markets has an identical downward sloping demand curve and the same tax is levied on suppliers, which market would produce the smallest amount of deadweight loss?
A) A B) B C) C D) D E) A and D
We know that a firm is paying way below the market wage rate if
A. the number of applications for a job posting is low and the quit rate is high. B. the number of applications for a job posting and the quit rate are low. C. the number of applications for a job posting and the quit rate are high. D. the number of applications for a job posting is high and the quit rate is low.
Which of the three functions of money are commonly met by each of the following assets in the U.S. economy?
a. paper dollar b. precious metals c. collectibles such as baseball cards, stamps, and antiques