In the above figure, if the price is $10, a profit-maximizing perfectly competitive firm will
A) produce 40 units.
B) produce 25 units.
C) produce 10 units.
D) choose not to produce.
C
Economics
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In 2008, net exports in the U.S. were
a. $1,831 billion. b. -$2,539 billion. c. -$900 billion. d. -$1,500 billion. e. -$708 billion.
Economics
A. "after this, therefore because of this" fallacy. B. correlation fallacy. C. fallacy of composition. D. fallacy of limited decisions
A. positive statements are always followed by normative judgments. B. positive statements can never be proven true or false. C. if one acts on one's expectations, those expectations will always be fulfilled. D. cause and effect can be determined merely by observing the sequence of events.
Economics