Based upon the information shown, what is total revenue for Bearclaws, given that it maximizes profits?
A. $1,080.
B. $900.
C. $490.
D. $980
Answer: D. $980
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With rent controls set below the equilibrium rent, what mechanism might arise that moves the market closer to the efficient equilibrium?
A) decreased search costs B) black market activity C) increased advertising by landlords D) more favorable leases offered to tenants
Another term for factors of production is
a. inputs. b. output. c. goods. d. services.
According to the graph showing rational expectations and the AD/AS model, expansionary policies will cause ______.
a. a move to a lower point on the short-run aggregate supply curve
b. a move to a higher point on the short-run aggregate supply curve
c. the short-run aggregate supply curve to shift to the left
d. the short-run aggregate supply curve to shift to the right
Which of the following does NOT contribute to an increase in productivity?
A.) Technological advances. B.) High quality of capital. C.) High quantity of labor. D.) Highly skilled labor.