Suppose the airplane market is an oligopoly. According to the figure above, the quantity produced can range as high as ________ planes per week and as low as ________ planes per week
A) 10; 4
B) 12; 6
C) 6; 0
D) 12; 0
E) None of the above answers is correct.
B
Economics
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In a small country, there are 5,000 people in the labor force and 3,000 people are employed. The labor force participation rate equals
A) 40 percent. B) 60 percent. C) 62.5 percent. D) an undetermined amount given the lack of information.
Economics
If the interest rate is 5 percent, what is the current value of $110 to be received one year from now?
a. $104 b. $73 c. $220 d. $116
Economics