Assume the following exchange rates for today: $1=140 yen and 1 Danish krone = $0.10. We can conclude

If a person were in the 20% tax bracket and given the choice of a $500 credit or a $2500 deduction,

A. he would not care. They would constitute the same tax benefit. B. he would take the credit every time. C. he would not qualify for either. D. he would take the deduction every time.

Refer to the graph shown. A firm that produces 900 units of output using the plant size associated with SATC2 minimizes:

A. long-run average total cost only. B. both long-run and short-run average total cost. C. short-run average total cost only. D. neither long-run nor short-run average total cost.