[NeedAttention]
Exhibit 30-1
?
A. ABC.
B. BEA.
C. Q2BAQ1.
D. Q2EAQ1.
Answer: A
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Land used for commercial Christmas trees can also produce pulpwood. Therefore, an increase in the expected market price of Christmas trees tends to
A) reduce the demand for Christmas trees. B) increase the supply of Christmas trees. C) increase the cost of producing pulpwood. D) decrease the cost of producing pulpwood.
Moe's Sweaters is a firm in perfect competition. Moe's customers don't know who the firm's workers are
If Moe is the only employer in the market who discriminates against women by paying them less than he pays to equally qualified men, his firm will A) lower its labor cost and receive a greater economic economic profit than its competitors. B) receive a positive economic profit while its competitors will only receive a normal profit. C) not maximize its economic profit and will not survive. D) be able to lower its price and undercut the competitors.