In an economy, unemployment exists only at points that are on the interior of the production possibilities frontier.

Answer the following statement true (T) or false (F)

True

Economics

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There is an important role for government in a market capitalist economy.

a. true b. false

Economics

The price elasticity of demand for a rental home in Luxury Resorts in the summer is 1.40 and is 2.60 in the spring. If Luxury Resorts faces a constant marginal cost of $600 per home rental, what is the profit-maximizing off-peak load price to charge in the spring?

A) $975 B) $2,100 C) $575 D) $850

Economics