In the above figure, if the market price is $10, the firm
A. shuts down operations.
B. produces 10 units.
C. produces 12 units.
D. produces 11 units.
Answer: B
Economics
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Fluctuations in real GDP are caused only by changes in aggregate demand and not by changes in aggregate supply
a. True b. False Indicate whether the statement is true or false
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Most entrepreneurs do not have enough money of their own to start their businesses. When they acquire the necessary funds from someone else,
a. their consumption expenditures are being financed by someone else's saving. b. their consumption expenditures are being financed by someone else's investment. c. their investments are being financed by someone else's saving. d. their saving is being financed by someone else's investment.
Economics