If the selling price falls and input costs are fixed, profit margins will increase
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Jason is a Web page designer. He estimates that this summer, he has a 0.6 probability of making $10,000 and a 0.4 probability of making only $2,000. What is Jason's expected income this summer?
A) $12,000 B) $6,800 C) $6,000 D) $10,000
Economics
The lion’s share of purchases and transactions in the U.S. economy are made with coins and paper money.
Answer the following statement true (T) or false (F)
Economics