Without changes in MC to maximize profits, the firm will produce at point ________ on the new demand curve and lower price to ________
A) E1; P1
B) E0; P0
C) E2; P2
D) E0 or E1; P0
C
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Explain how the current U.S. tax system levies taxes on capital gains and earned interest. What does this mean for the costs of inflation?
What will be an ideal response?
A marginally attached worker
i. does not have a job and has not looked for one in the last month. ii. is available and willing to work. iii. must work at least 1 hour per week. A) i only B) ii and iii C) iii only D) i and ii E) ii only
The U.S. Postal Service engages in price discrimination.
Answer the following statement true (T) or false (F)
If Emma has a positive rate of time preference, she will
a. value the receipt of $10,000 twenty years from now just as much as she would value receipt of the $10,000 now. b. value the receipt of $10,000 twenty years from now more than she would value receipt of the $10,000 now. c. value the receipt of $10,000 twenty years from now less than she would value receipt of the $10,000 now. d. prefer to receive any amount of money now to the $10,000 twenty years from now.