Refer to the data. If columns (1) and (3) of the demand data shown are this firm's demand schedule, the profit-maximizing price will be:

When event B follows event A three times in succession, but people say B following A is "just a coincidence," they usually mean

A) it is highly improbable B will follow A a fourth time. B) it is more common for A to follow B. C) B following A is only a subjective opinion. D) there has not been sufficient observation to connect B positively with A. E) they aren't aware of any causal theory linking B to A.

A budget deficit

A) occurs when government expenditures exceed tax revenues. B) occurs when tax revenues exceed government expenditures. C) occurs when transfer payments exceed tax revenues. D) will always result when Congress and the president cannot agree on expenditures. E) occurs when monetary policy works in the opposite direction of fiscal policy.