Which of the following is NOT a cost of inflation?
A) uncertainty cost
B) confusion cost
C) tax cost
D) unemployment cost
E) shoe-leather cost
D
Economics
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Based on the above information, at what price does the firm consider shutting-down?
a. $25 b. $0 c. $15 d. $10
Economics
Which of the following distinguishes the short run from the long run in pure competition?
A. Firms can enter and exit the market in the long run but not in the short run. B. Firms attempt to maximize profits in the long run but not in the short run. C. Firms use the MR = MC rule to maximize profits in the short run but not in the long run. D. The quantity of labor hired can vary in the long run but not in the short run.
Economics