Which of the following occupations would use economic analyses in their real world jobs?
A. store manager
B. teacher
C. environmental regulator
D. All of these are correct.
Answer: D
You might also like to view...
Consumer’s surplus can be written as
A. total expenditure?total utility. B. total utility?total expenditure. C. marginal utility?marginal expenditure. D. marginal expenditure?marginal utility.
Activities designed to convert resources into goods and services is known as
A) supply. B) consumption. C) production. D) scarcity.
According to the above table, if the marginal revenue product is $24, how many workers will the profit maximizing monopsonist hire?
A) 4 B) 5 C) 6 D) 7
Scott used $4,000,000 from his savings account that paid an annual interest of 5% to purchase a hardware store. After one year, Scott sold the business for $4,100,000 . His economic profits is:
a. $300,000 b. $100,000 c. -$100,000 d. -$200,000