If the price were $25, how much would the firm's output be in the short run?
about 275
You might also like to view...
Suppose a long lost relative died and left you a trust fund worth $1 million that you will receive ten years from now. What effect, if any, will this have on your demand for airline travel? (Assume that airline travel is a normal good.)
What will be an ideal response?
Which of the following is most likely to create diseconomies of scale?
A) concentration of production in a small number of very large plants. B) the use of automation devices. C) technological advance. D) division of labor.
When a nation is said to be running a balance of payments surplus, this means its
A) official settlements balance is positive. B) trade balance is positive. C) net financial account balance is positive. D) current account is positive.
Most industrialized nations today use a gold standard to establish exchange rates
a. True b. False Indicate whether the statement is true or false