Refer to the above table. At an output of 4 units, average variable costs are
A. $44.
B. $38.50.
C. $16.
D. $22.
Answer: C
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What act of Congress declared restraint of trade illegal and declared any attempt at monopolizing unlawful?
a. the Celler-Kefauver Anti-Merger Act b. the Sherman Antitrust Act c. the Clayton Act d. the Wheeler-Lea Act e. the Clayton-Celler Act
Assume Brad worked as a contractor for a year and had revenues of $120,000 and explicit cost of $70,000 . If he could have been paid $80,000 working for a computer company, his accounting profit as a contractor was ____ and his economic profit was ____
a. $50,000 . -$30,000 b. $10,000 . $50,000 c. $40,000 . $50,000 d. $50,000 . $40,000
If banks faced a 100 percent reserve requirement, the money multiplier would be: a. 0.1
b. 1.0. c. 10. d. 100.
Population growth is always a source of economic growth, regardless of other circumstances.
a. true b. false