The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. The market price of peanuts is $2.00 per pound
If a worker costs $800 per month, how many workers will Peter employ to maximize profit? A) zero
B) one
C) two
D) four
D
Economics
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After firm A producing one good acquired another firm B producing another good, it lowered the prices for the bundle of goods. One can conclude that the goods were
a. substitutes b. complements c. not related d. None of the above
Economics
The Clayton Act prohibits all horizontal mergers, regardless of their economic consequences
a. True b. False
Economics