In the above figure, what is the wage rate for the perfectly competitive market?
A) W1
B) W2
C) W3
D) W4
C
Economics
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In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle dce represents
A) consumer surplus. B) producer surplus. C) deadweight loss. D) marginal revenue.
Economics
What is the value of $H (the total loans)?
A) $1,000 B) $4,000 C) $5,000 D) $6,000
Economics