Assume a perfectly competitive firm's short-run cost is TC = 100 + 160Q + 3Q2. If the market price is $196, what should it do?
A) produce 5 units and continue operating
B) produce 6 units and continue operating
C) produce zero units (i.e., shut down)
D) Cannot be determined from the above information
B
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If the nominal interest rate is 5 percent and there is no inflation, then the real interest rate:
a. exceeds 5 percent. b. is less than 5 percent. c. is 5 percent. d. is zero.
Which of the following groups had the highest poverty rate in 2014 in the United States?
A) Asians B) Hispanics C) blacks D) female heads of families
In economics, welfare analysis focuses on
A) income transfer programs. B) food stamp programs. C) international aid programs. D) None of the above.
Which of the following offers an example of structural unemployment?
A. The rise in unemployment for stable workers after the development of gasoline-powered automobiles and the resulting long-term decline in horse-and- buggy transportation. B. The rise in unemployment among farm workers after harvest. C. The unemployment associated with workers changing jobs. D. The increase in unemployment during recessions.