The leading producer of manufactured goods in 1900 was
a. the United States.
b. Germany.
c. England.
d. Canada.
a. the United States.
Economics
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A risk-neutral monopoly must set output before it knows the market price. There is a 50 percent chance the firm's demand curve will be P = 40 ? Q and a 50 percent chance it will be P = 60 ? Q. The marginal cost of the firm is MC = 3Q. The expected profit-maximizing price is:
A. $30. B. $40. C. $10. D. $20.
Economics
Suppose in London £/$ = 0.5 while in New York £/SF = 0.2. The corresponding cross rate (SF/$) is
A) 2.5. B) 0.1. C) 0.4. D) 0.3.
Economics