Amy can produce either 5000 pounds of cheese or 20 cars per year. Mike can produce either 5000 pounds of cheese or 10 cars per year. By the principle of comparative advantage, Mike should specialize in producing

Homelessness can be caused by destroying cheap, low-quality housing through _____

a. building codes b. zoning c. urban renewal programs d. all of the above

A monopolist has set her level of output to maximize profit. The firm's marginal revenue is $20, and the price elasticity of demand is -2.0. The firm's profit maximizing price is approximately:

A) $0 B) $20 C) $40 D) $10 E) This problem cannot be answered without knowing the marginal cost.