George and Dan's political consulting firm is losing money, but it is more than covering its fixed costs. What is the most accurate statement we can make about it?
A. It will stay in business in the long run.
B. It will go out of business in the long run.
C. It will shut down in the short run.
D. None of these statements are correct.
B. It will go out of business in the long run.
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The beginning point of a graph (the 0,0 point) is known as
A. ground zero. B. mother lode. C. the origin. D. square one. E. the beginning.
Refer to Table 18-1. Suppose a series of votes are taken in which each pair of alternatives is considered in turn. If the vote is between allocating funds to education subsidies and increased border security
A) Jasmine and Ivy vote for increased border security, Rose votes for education subsidies, and increased border security wins. B) Ivy and Jasmine vote for education subsidies, Rose votes for increased border security, and education subsidies wins. C) Jasmine and Rose vote for education subsidies, Rose votes for increased border security, and education subsidies wins. D) Ivy and Rose vote for increased border security, Jasmine votes for education subsidies, and increased border security wins.
You are the manager of a monopoly that faces a demand curve described by P = 63 ? 5Q. Your costs are C = 10 + 3Q. Your firm's maximum profits are:
A. 0. B. 170. C. 66. D. 120.
Empirical research seems to verify that:
A. the rate of inflation seems to vary directly with the amount of central bank independence. B. countries that have high rates of inflation seem to have central banks with low levels of independence. C. there is no relationship between the independence of central banks and rates of inflation. D. countries that have less independent central banks experience lower rates of inflation.