Based on this producer surplus graph, which unit gives the firm the greatest producer surplus?



a. the first

b. the second

c. the third

d. the fourth


a. the first

Economics

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Keynesians:

a. accept the countercyclical policy of doing nothing, that is, allowing market forces to work. b. believe that the level of aggregate demand in the 1930s was sufficient to generate full employment. c. accept the fact that policymakers should eliminate inflation first before focusing on unemployment. d. focus on increasing aggregate demand in order to stimulate the economy. e. were prepared for the events that beset our economy in the 1970s and 1980s.

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If you are carrying out purposeful behavior, you are:

A. a heuristic individual. B. using reflection and making reasoned judgments. C. completely rational. D. making completely irrational judgments.

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Refer to the data provided in Table 10.2 below to answer the following question(s).   Table 10.2 Refer to Table 10.2. Marginal revenue product of the ________ worker is $120.

A. second B. third C. fourth D. fifth

Economics