If total profit is at a maximum, then average profit is zero.
Answer the following statement true (T) or false (F)
False
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The table below shows the weekly demand for hamburgers in a market where there are just three buyers.PriceQuantity Demanded by Buyer 1Quantity Demanded by Buyer 2Quantity Demanded by Buyer 3$6746597841510123211516Refer to the table. If the price of a hamburger decreases from $6 to $5, then the weekly market quantity demanded will
A. increase from 17 to 24. B. increase from 24 to 52. C. decrease from 24 to 17. D. decrease from 52 to 24.
In the foreign exchange market, an increase in the supply of dollars could be the result of
A) an increase in the expected future exchange rate. B) a decrease in the U.S. interest rate differential. C) a decrease in the exchange rate. D) an increase in the exchange rate. E) an increase in the U.S. interest rate differential.
Tonya, who is rich, and Jerome, who is poorer, both buy orange juice and croissants for lunch at the student cafeteria. Their budget constraints on a diagram with orange juice on the vertical axis and croissants on the horizontal have the same
A) horizontal intercepts. B) vertical intercepts. C) slopes. D) midpoints.
Explain how the Keynesian view differs from the classical view with respect to saving. Explain further how the two views differ with respect to investment