What is the level of profits when four units are produced?
a. 40
b. 70
c. -30
d. 20
d
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Refer to the figure above. The economy is currently at E. Which of the following is likely to happen if a recession hits the economy? Assume that wages are downwardly rigid
A) The labor market equilibrium will move from E to F. B) The labor market equilibrium will move from E to D. C) The labor market equilibrium will move from E to G. D) The labor market equilibrium will move from E to H.
This graph shows three different budget constraints: A, B, and C.If Don has budget constraint C in the graph shown, what is the trade-off he faces in terms of the two goods?
A. Three cases of soda for every four and a half gallons of milk B. One case of soda for every one and a half gallons of milk C. Two cases of soda for every three gallons of milk D. All of these accurately reflect Don's tradeoff.