The above figure shows the demand and cost curves for a firm in monopolistic competition in the long run. The firm maximizes its profit by
A) producing 4 units and charging a price of $15.
B) producing 8 units and charging a price of $5.
C) producing 16 units and charging a price of $10.
D) None of the above answers is correct.
D
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Unemployment insurance contributes to structural unemployment by:
A. allowing unemployed workers to search longer or less intensively for jobs. B. keeping wages above the market-clearing level. C. keeping wages below the market-clearing level. D. forcing unemployed workers to take the first job offered to them.
A small increase in the annual rate of economic growth can lead to a larger increase in growth over time due to the effects of
A) the money supply. B) compounding. C) regression towards the mean. D) averaging.
Net exports equals _____
a. the value of exports minus the value of imports b. the value of imports minus the value of exports c. the value of imports minus tariffs d. the value of exports minus tariffs e. the value of exports plus the value of imports minus depreciation
Before considering any public project, the government should (i) compare the total cost and total benefits of the project. (ii) conduct a cost-benefit analysis. (iii) infer that citizens who vote for a project are willing to pay equally for it
a. (i) only b. (ii) only c. (i) and (ii) only d. (i), (ii), and (iii)