Employed Currency in 1700s
In 1700s what currency was employed?
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This depends on country. Most currencies, however, were based on silver and gold. In America, in 13 colonies, tobacco was mostly employed as a type of the currency .
When output is expanded, then a firm's total revenues: (1) are maximized where marginal revenue is zero. (2) decline whenever average revenue falls. (3) rise more quickly the faster marginal returns diminish. (4) are maximized where profit is maximize
For economists, the term "utility" signifies: 1) versatility and flexibility 2) rationality 3) pleasure and satisfaction 4) purposefulness.
When the wholesale price P = $4 per dozen roses, it purely competitive increased farm maximizes profit through producing ___ dozen roses at a total (profit /loss) of $___. (1) zero; loss; $2000. (2) 2000; loss; $1500. (3) 3000;profit;
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I have a problem in economics on Buyers market. Please help me in the following question. The buyer’s market is a market in which: (1) Queuing to secure goods is very common. (2) The present market price is beneath equilibrium. (3) Quantity dema
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