Aimee sells hand-embroidered dog apparel over the Internet. Her annual revenue is $128,000 per year, the explicit costs of her business are $42,000, and the opportunity costs of her business are $30,000. What is her economic profit?

Under the Employment Act of 1946, what action did the federal government take for the first time in U.S. history?

(a) Assuming power and responsibility for managing the world economy (b) Assuming power and responsibility for managing the U.S. economy (c) Relinquishing all influence for managing the U.S. economy to state governments (d) Relinquishing all influence for managing the U.S. economy to the private sector

When firms have market power, it means that they:

A. can noticeably affect the market price. B. do not affect the market quantity offered for sale. C. can earn as much profit as they want. D. are a price taker.