Refer to the table below. If Happy Cows is currently producing 501 units of dairy products, which of the following statements is true?
The table above shows the total cost for Happy Cows, a perfectly competitive dairy farm, at various levels of production. The market price for Happy Cows dairy is $10 per unit of dairy product.
A) Happy Cows can increase profit by decreasing production.
B) Happy Cows can increase profit by increasing production.
C) Happy Cows is producing the profit-maximizing output level.
D) Happy Cows is earning a competitive return at this output level.
A) Happy Cows can increase profit by decreasing production.
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Which of these statements about Karl Marx is FALSE?
A. Marx called the owners of the means of production the bourgeoisie. B. Marx emphasized class consciousness. C. Marx analyzed 19th century industrial capitalism. D. Marx viewed socioeconomic stratification in terms of several classes with different but complementary interests. E. Marx called the people who sold their labor the proletariat.
An hypothesis regarding ancestor-descendant relationships that includes a time scale is called a:
a. cladogram. b. cladistic tree. c. phylogram tree. d. phylogenetic tree. e. hypogram tree.
According to the lecture on Race and Ethnicity, the reason why Asians are so good at math and science and African Americans are so good at sports is because of inherent genetic differences in ability between these two races
a. true b. false
Refer to the figure below. Undertaking the 20th unit of action, yields a surplus of benefit of ________.
A) $20 B) $50 C) $60 D) $30