Bob's Books is the only bookstore in town. The figure above shows the demand curve for books and Bob's Books' marginal revenue curve and marginal cost curve
Bob's Books maximizes its profit and sets the price of a book equal to ________ and has total annual revenue of ________. A) $40; $40,000
B) $30; $60,000
C) $20, $60,000
D) $10; $40,000
B
Economics
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If both autonomous imports and autonomous taxes decrease by $100B we expect that equilibrium income will
A) increase by more than $200B. B) decrease by more than $200B. C) increase by $200B. D) remain unchanged.
Economics
The largest in-kind transfer program in the United States is (are)
A. SNAP. B. Welfare. C. Medicare and Medicaid. D. the Housing Program.
Economics