If a firm doesn't make an economic profit, it will shut down
Indicate whether the statement is true or false
False. The firm compares its losses from operating with its losses when shutting down and will shut down if the latter loss is less.
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Given the data in the above table, income of $13, a price of $1 for a bottle of water and $2 for a hamburger, what is the quantity of water and the quantity of hamburgers that will maximize the consumer's total utility?
A) 5 bottles of water and 4 hamburgers B) 4 bottles of water and 4 hamburgers C) 1 bottle of water and 6 hamburgers D) 6 bottles of water and 6 hamburgers
The ________ the defendant's assessment of the expected payment to the ________, the ________ likely the case will be settled.
A) larger; plaintiff; less B) larger; plaintiff; more C) smaller; judge; more D) smaller; judge; less