Refer to Scenario 2.1. If P = $15, which of the following is true?
A) Quantity supplied is greater than quantity demanded.
B) Quantity supplied is less than quantity demanded.
C) Quantity supplied equals quantity demanded.
D) There is a surplus.
B
Economics
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How long can a family collect aid from the Temporary Assistance for Needy Families (TANF) program?
(A) A maximum of five years. (B) As long as necessary. (C) A maximum of ten years. (D) A maximum of two years.
Economics
If a price taker in a competitive market is going to maximize profits, he must
a. increase the price of his product. b. minimize his fixed costs of production. c. minimize the per-unit cost of producing the good. d. use the highest valued set of resources to produce his product.
Economics