If the structural deficit is $800 billion and the cyclical deficit is $600 billion, the actual budget deficit is
A) $200 billion.
B) $800 billion.
C) $1,400 billion.
D) $600 billion.
E) None of the above answers is correct.
C
Economics
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To maximize profit, a firm hires the quantity of labor that makes the ________ of labor equal to the ________
A) value of marginal product; wage rate B) total revenue; total cost of labor C) marginal product; total cost of labor D) marginal product; marginal revenue
Economics
A perfectly competitive firm in the short-run can earn:
a. positive economic profits. b. negative economic profits. c. zero economic profits. d. all of these are possible
Economics