Jane's Garage Cleaning is a perfectly competitive firm that currently cleans 40 garages a week. Jane's marginal cost is less than the price she charges. Jane can increase her profit if she

A) charges a higher price.
B) charges a lower price.
C) cleans fewer than 40 garages a week.
D) cleans more than 40 garages a week.

Economics

The price elasticity of demand for Red Delicious apples, a certain type of apple, is likely

A) elastic. B) inelastic. C) perfectly elastic. D) perfectly inelastic. E) unit elastic.

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Economics

Explain what is meant by liquidity preference

What will be an ideal response?

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Economics