In order to make an optimal choice we must use
a. percentage analysis.
b. total analysis.
c. average analysis.
d. marginal analysis.
d
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The figure above shows the market for annual influenza immunizations the United States. The efficient quantity of immunizations is
A) 14 million per year. B) 10 million per year. C) Between 14 and 21 million per year. D) Less than 10 million per year. E) 22 million per year.
Refer to Figure 13-12. If the diagram represents a typical firm in the designer watch market, what is likely to happen in the long run?
A) The firms that are making losses will be purchased by their more successful rivals. B) Inefficient firms will exit the market and new cost-efficient firms will enter the market. C) Firms will have to raise their prices to cover costs of production. D) Some firms will exit the market causing the demand to increase for firms remaining in the market.
Many economists agree that government rate setting for monopolies ______.
a. removes the influence of special interest groups b. can become very political c. is an objective approach d. maximizes incentive for the firms
What is disposable income? How is it calculated?
What will be an ideal response?