Refer to the above figure. Profits will equal zero
A) when the price equals $1.
B) when the price equals $2.
C) when the price equals $4.
D) at prices between $1 and $2.
B
Economics
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Which of the following statements is true of the U.S.?
A) There is more value in trade between states in the U.S. than its international trade. B) The U.S. has always been a net exporter of goods and services. C) The U.S. exports more crude oil than it imports. D) The level of imports of the U.S. has dramatically decreased since 1960.
Economics
In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the CPI in 2012?
A) 320 B) 1.00 C) 3.20 D) 100
Economics