The firm in the figure above has a total revenue equal to ________
A) $5.10 × 10
B) $8.00 × 10
C) ($5.10 - $8.00 ) × 10
D) ($8.00 - $5.10 ) × 10
E) None of the above answers is correct because more information is needed.
B
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Income inequality has risen in recent years due to a rise in labor's share of national income as a result of globalization
a. True b. False Indicate whether the statement is true or false
Which of the following students would be most likely to drop out of college before completing their degree?
a. a senior physics major with a solid B average b. a junior secondary education major who has just read about the substantial improvement in the job opportunities available for teachers with a college degree c. an outstanding baseball player in his junior year that just received a $500,000 offer from a professional team d. a junior economics major who wants to attend law school
What role do losses play in a competitive market
What will be an ideal response?
Figure 16-1
In Figure 16-1, there are four levels of income. G is government expenditures and TT is taxes less transfers. At which level of income is the actual deficit the greatest?
a.
Y4
b.
Y3
c.
Y2
d.
Y1