A doubling of the current minimum legal wage is likely to confer the most benefit and impose the least harm on members of which group listed below?

The above figure shows a perfectly competitive firm. If the market price is $5, the firm

A) is making an economic profit. B) is making zero economic profit. C) will immediately shut down. D) will not shut down. E) might shut down but more information is needed about the AVC.

Because of differences in tax treatment, municipal bonds pay a higher interest rate than do corporate bonds

a. True b. False Indicate whether the statement is true or false