Using the above figure, the perfectly competitive firm in the diagram will earn an economic profit if the market price is

Do deficits lead to inflation?

What will be an ideal response?

Jim has a choice between two jobs. Job A would pay him $15 an hour with certainty, and the job B is commission based where he could earn $12, with a 50% probability and $18 with a 50% probability. Which job would he choose?

a. Job A b. Job B c. Neither of the jobs d. He would choose to exit the labor market