Caregivers for the disabled elderly are most likely to be:
a. Daughters or other female relatives and friends
b. Sons or other male relatives and friends
c. Spouses
d. Assisted living attendants
A
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Which of the following statements is true for both Microsoft and a locally owned restaurant?
A. Both confront perfectly elastic demand for their products. B. Both are perfect competitors. C. Neither firm is able to influence the price of their products. D. Both seek to maximize profits.
As world economies start to recover from the 2008 financial crisis and firms expect profits to increase,
A) the U.S. short-run aggregate supply curve immediately will shift rightward. B) investment will increase and there will be a movement up along the aggregate demand curve. C) the price level in the U.S. will decrease as firms increase investment. D) both investment and aggregate demand will increase.
"Banks hold about 50 percent of their assets as reserves." Is the previous statement correct or not?
What will be an ideal response?
Half of all your potential customers would pay $16 for your product but the other half would only pay $10 . You cannot tell them apart. Your marginal costs are $4 . If you set the price at $16, the expected profit is:
a. $3 b. $4 c. $5 d. $6