If this firm produced at its most efficient output level it would produce about _______ units.
A. 40
B. 50
C. 60
D. 70
A. 40
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On the graph above, suppose the economy is at point F when there is a temporary negative supply shock. The new long-run equilibrium is at point ________
A) H B) I C) F D) G E) none of the above
If an asset cannot be sold quickly for cash without much loss of value, it is called:
A. illiquid. B. liquid. C. durable. D. fixed.
The competition experiment conducted by economists Muriel Niederle and Lise Vesterlund was consistent with the results of Terry Odean which were that
a. men were better at math than women. b. men chose competition more because they were better at sports than women. c. men trade stocks excessively while women adopt a buy-and-hold strategy. d. streetcar companies were not in favor of segregation because it hurt their profits.
To the extent that the value of money is less predictable, it becomes
A. more acceptable as a store of value. B. more acceptable as a unit of account. C. more acceptable as a standard of deferred payment. D. less acceptable as a medium of exchange.