The following data show the relationship between output, total costs, and total revenue for a pure monopoly.OutputTCTR50$750$1,000608001,100709501,250801,2001,450901,3001,500Within which of the following output ranges does the firm earn maximum economic profits?
A. 50 to 60 units
B. 80 to 90 units
C. 70 to 80 units
D. 60 to 70 units
Answer: D
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The term for measuring the balance of trade by only looking at goods is
a. current account balance. b. merchandise trade balance. c. unilateral transfer balance. d. goods account balance.
We have a futures contract for the purchase of 10,000 bushels of wheat at $3.00 per bushel. If the price of wheat were to increase to $3.50, explain what happens to the parties involved in the contract in terms of marking to market. Be sure to identify who is long and short and specifically how much is transferred.
What will be an ideal response?
An organization's values should reflect the expectations and common values of key stakeholders.
a. true b. false
Between 1980 and 2000 the price level approximately doubled. The average annual rate of inflation over this 20-year period was about:
A. 5.5 percent. B. 4.7 percent. C. 3.5 percent. D. 2.8 percent.