Refer to the data. If the market price for this firm's product is $35, it will produce:
A. 6 units at a loss of $150.
B. 6 units at a loss of $90.
C. 9 units at an economic profit of $281.97.
D. 8 units at an economic profit of $130.72.
B. 6 units at a loss of $90.
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While the classicists believed that both velocity and output are stable, Keynesians believe
Between 1850 and 1860 the prices of slaves ____ than the price of cotton
a. increased more b. decreased more c. increased less d. decreased less
Given the table below, diminishing returns begin with the
A. 5th worker. B. 16th worker. C. 1st worker. D. 11th worker. E. 10th worker.
Which of the following statements is most correct?
A. If the U.S. $ is depreciating relative to the euro it is likely depreciating relative to all currencies. B. If the U.S. $ is appreciating relative to the euro, the euro is likely depreciating relative to the yen. C. If the U.S. $ depreciates relative to the yen, then it is likely also depreciating relative to the euro. D. If the U.S. $ is appreciating relative to the yen, the yen is depreciating relative to the U.S. $.