Refer to Figure 3-1. An increase in the price of a substitute would be represented by a movement from
A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.
C
Economics
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A firm has $200 million in total revenue and explicit costs of $190 million. Suppose its owners have invested $100 million in the company at an opportunity cost of 10 percent interest rate per year. The firm's economic profit is:
a. $400 million. b. $100 million. c. $80 million. d. zero.
Economics
The ______________ rate of unemployment includes frictional and structural unemployment.
a. natural b. complete c. future d. framed
Economics