Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. If Dom's maximizes profits, its ________ equals $320.
A. variable cost
B. profit
C. total revenue
D. total cost
Answer: C
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An economy that contains both perfect and imperfect competition and both regulated and non regulated industries is known as a
a. traditional economy. b. mixed economy. c. market economy. d. conglomerate economy.
Use the above table. Assuming constant opportunity costs, a comparative advantage in producing wine is possessed by
A) neither Argentina or France. B) both Argentina and France. C) Argentina. D) France.
Refer to the accompanying table. The law of diminishing marginal utility:UnitsUtils Per Year from T-shirtsUtils Per Year from Sweaters0001754002135720318096042101120
A. applies to both t-shirts and sweaters. B. applies to sweaters but not t-shirts. C. applies to t-shirts but not sweaters. D. does not apply to either t-shirts or sweaters.
The U.S. dollar exchange rate, e, expressed as Japanese yen per U.S. dollar, will appreciate when:
A. U.S. consumers increase their preference for Japanese cars. B. real GDP in the U.S. decreases. C. the U.S. Federal Reserve eases monetary policy. D. real GDP in the U.S. increases.