According to the above figure, what are the profits of the firm if it produces 50,000 units?
A. -$5,000 per day
B. -$17,500 per day
C. -$10,000 per day
D. -$7,500 per day
Answer: D
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What is the chain-weighted price index for GDP in the base year?
A) 0 B) 1 C) 100 D) The answer depends on the price index for the current year.
A monopoly produces and sells 300 units of its product for $8 per unit. If the total cost incurred by the monopoly is $1,800, determine its profit or loss
What will be an ideal response?
One reason why an economy may not smoothly adjust to a macroeconomic shock is that
A) prices are flexible in the long run. B) prices are sticky in the short run. C) wages are sticky in the long run. D) prices and wages are sticky in the long run.
The market to buy and sell organs:
A. has been banned by public policy. B. is missing. C. would create surplus for those who would interact in it. D. All of these are true.