Suppose the price of the good is $175. If the firm produces and sells 515 units of output, its total revenue is:
a. $75,250.
b. $84,500.
c. $90,125.
d. $100,525.
c. $90,125.
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An increase in ________ increases potential GDP and ________ aggregate supply
A) the money price of oil; decreases B) the money wage rate; decreases C) the money wage rate; increases D) technology; decreases E) technology; increases
Which of the following about price discrimination is true?
a. A price-discriminating seller will charge consumers with an elastic demand a lower price than consumers with an inelastic demand. b. A firm must face a horizontal demand curve for its product in order to engage in effective price discrimination in a market. c. Price discrimination always harms consumers and helps sellers in the short run but in the long run, consumers benefit at the expense of sellers. d. A seller must have a monopoly in order to gain from price discrimination.
For a given set of data and a regression equation, the greater the R-square:
A. the greater the adjusted R-square. B. the lower the adjusted R-square. C. the greater the t-value. D. the lower the t-value.
“The international flow of goods helps compensate for the international immobility of resources.” Analyze and explain.
What will be an ideal response?