At the short-run break-even point, the firm is
A) earning zero accounting profit.
B) losing money.
C) earning zero economic profit.
D) ready to shutdown.
C
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__________ are issued with an original maturity of between one and ten years
A) Treasury bills B) Treasury notes C) Treasury bonds D) None of the above.
Empirical studies have found that the labor supply curves for most parts of the population are
A) backward bending. B) upward sloping. C) downward sloping. D) nearly vertical.
One way to estimate GDP is to:
A. measure the total expenditure of an economy. B. add up all the money people spend buying final and intermediate goods and services. C. add together the market value of only final services sold in the economy. D. add together the market value of only final goods sold in the economy and not services.
When a monopolist increases the number of units it sells, there are two effects on revenue. They are the
a. demand effect and the supply effect. b. competition effect and the cost effect. c. competitive effect and the monopoly effect. d. output effect and the price effect.