Refer to the diagram, assuming that the firm represented is operating on curve TC 0 . What is the user cost of extracting a unit of this resource?
A. $20.
B. $40.
C. $60.
D. It cannot be determined with the information given.
D. It cannot be determined with the information given.
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________ usually increase(s) when the U.S. economy is in a recession and decrease(s) when the U.S. economy is expanding.
a. Consumer spending b. Planned investment c. Net Exports d. Unplanned investment
If a budget is cyclically balanced, the government should run a surplus when the economy experiences an expansionary gap
a. True b. False Indicate whether the statement is true or false
A competitive price-searcher firm is currently producing 10 units of output. At this level of output the firm is charging a price equal to $10, has marginal revenue equal to $6, has marginal cost equal to $6, and has average total cost equal to $12 . From this information we can conclude that
a. the firm is currently maximizing its profit. b. the profits of the firm are positive. c. firms are likely to enter this market in the long run. d. the firm would earn more profit by expanding output
Temporary Assistance to Needy Families:
A. is more redistributive in nature than social insurance. B. is a conditional cash transfer program. C. is provided long term to help people in chronic poverty. D. is an "unconditional" cash-transfer program