Use the above table. The data shows that the firm
A. is a monopsonist.
B. is hiring in a perfectly competitive labor market.
C. is selling its output in an imperfectly competitive market.
D. is selling its output in a perfectly competitive market.
Answer: A
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Real disposable income is held constant when constructing a consumption function
a. True b. False Indicate whether the statement is true or false
Recall the scenario from the text: The city of Logan Square needs $40 million for a network of streetlights. There are 20,000 residents in the Logan Square neighborhood, meaning the cost for each resident is $2,000 . Psychiatrist Denise Miller refuses to donate $2,000 towards the project. This is an example of the problems encountered with
a. consumer goods b. capital goods c. rival goods d. public goods e. private goods
Diversification of a portfolio
a. can eliminate market risk, but it cannot eliminate firm-specific risk. b. can eliminate firm-specific risk, but it cannot eliminate market risk. c. increases the portfolio's standard deviation. d. is not necessary for a person who is risk averse.
The largest merchandise exporting country is ______________.
Fill in the blank(s) with the appropriate word(s).