In the above figure, if the market price is $10, the firm
A. shuts down operations.
B. produces 10 units.
C. produces 12 units.
D. produces 11 units.
Answer: B
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What is the poverty rate?
A) the percentage of households who qualify for government assistance to meet the minimal requirement for adequate nutrition B) the percentage of working adults whose annual income is sufficiently low as to be are exempt from paying income taxes C) the rate at which the number of people relative to the size of the population fall below the poverty line D) the percentage of the population earning an annual income below the poverty line, according to the federal government's definition
If the interest rate is 5 percent, then what is the present value of $2,000 to be received in three years?
When a firm buys stocks or bonds issued in another country they are engaging in foreign direct investment.
Indicate whether the statement is true or false.
Juan and Lauren have decided to stop studying economics and get a bite to eat. Juan wants to go for a pizza and Lauren wants a hot dog They decide to go for pizza. What can we conclude from this?
A. Utility analysis does not work here since Lauren did not eat a hot dog. B. Juan always gets more utility from pizza than Lauren does. C. Lauren will get negative utility from the pizza. D. Lauren gets less utility from pizza than she could from a hot dog.