La Super Rica is a taco stand in Santa Barbara, California. It is popular with the locals and even the late Julia Child found the food delicious. If La Super Rica is making an economic profit, what is the probable outcome in the taco market?
A) The number of firms will increase, decreasing La Super Rica's demand.
B) The number of firms will decrease, decreasing La Super Rica's demand.
C) The number of firms will increase, increasing La Super Rica's demand.
D) The number of firms will decrease, increasing La Super Rica's demand.
A
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A swap that involves the exchange of one set of interest payments for another set of interest payments is called
A) an interest rate swap. B) a currency swap. C) a swaption. D) an international swap.
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a. True b. False
Production costs for a given output will be minimized when the
a. budget line and the product indifference curve meet in the vertical axis. b. budget line crosses the product indifference curve. c. budget line begins to bend back on itself. d. product indifference curve and the budget line are tangent.