In the above figure, if the price is P1 and the firm produced Q1, the firm's economic profit is ________ than if it produced Q2 and ________ than if it produced Q3

When the price of a good rises from $5 to $7 a unit, the quantity supplied increases from 110 to 130 units a day. The price elasticity of supply is _______. The supply of the good is _______

A. 60; elastic B. 10; elastic C. 0.5; inelastic D. 2; inelastic

Relying on piecemeal development projects or one-project-at-a-time investments may not propel an LDC out of poverty because

a. the World Bank only approves of the unbalanced growth development strategy and would finance no other strategy b. the World Bank only approves of the big-push development strategy and would finance no other strategy c. they do not include foreign investment or aid d. they lack forward linkages e. of the absence of an infrastructure