Refer to the above table. If the price is $3 the maximum profit this firm could earn is
A) $99.
B) $306.
C) -$100.
D) -$99.
D
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According to the Application, one factor which was responsible for roughly one-fifth of hybrid vehicles purchased in 2007 was a federal subsidy of up to $3,400 per hybrid vehicle
The increase in sales due to this subsidy is an example of which element of the economic way of thinking? A) responding to incentives B) using assumptions to simplify C) thinking at the margin D) isolating variables
In answer to the question, "Who manages?" the answer is:
a. Everyone does b. Some people do sometimes c. Some individuals rarely manage anything d. It depends, some people manage, others don't
An example of peak pricing is charging
A. more for long-distance phone calls in the daytime. B. less for electricity at night. C. more for public transportation in rush hours. D. All of the above are true.
The long-term trend in the United States is for markets to become more oligopolistic over time
Indicate whether the statement is true or false