The statistic most often used by economists to measure the value of economic activity is ________

Bill owns a lawn-care company in Windermere, Florida, whose cost curves are illustrated in the above figure. The market equilibrium price in this perfectly competitive market equals $32 per lawn mowed

At this price, how many lawns will Bill mow per week? A) more than 10 and less than 30 B) 30 C) 40 D) 50 E) 0

Rent controls are an example of a

A. price floor for the consumer and a price ceiling for the producer. B. nonprice rationing device. C. price floor. D. price ceiling.