In the above figure, assume d3 is the demand curve faced by this firm. Which is TRUE?
A. This firm is earning an economic profit.
B. This firm is breaking even.
C. This firm is experiencing an economic loss.
D. This firm's total revenues equal HRD0.
Answer: B
Economics
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For the period 1947-2012, employment in the United States was
A) procyclical and leading. B) procyclical and lagging. C) countercyclical and leading. D) countercyclical and lagging.
Economics
Which of the following is a deficit item on the U.S. balance of payments accounts?
A) A U.S. firm sells a product to a Mexican firm. B) An Italian tourist in Miami purchases a beach ball. C) A Spaniard buys 100 shares of Ford stock. D) A U.S. resident buys gold from the Japanese central bank.
Economics