Total profit is maximized if the slope of the total profit curve is
a. positive.
b. negative.
c. increasing.
d. zero.
d
You might also like to view...
Jackson buys an automobile insurance policy and then decides to drive recklessly because he knows he is insured in case he has an accident. This describes the problem of
A) adverse selection. B) asymmetric information. C) moral hazard. D) risk pooling.
WTO talks in the late 1990s led to openings in both financial services and telecommunications
Indicate whether the statement is true or false
If the government wished to shift aggregate demand to the left, it might:
A. decrease military spending. B. increase the amount of educational grants available. C. decrease corporate income taxes. D. All of these would cause a decrease in aggregate demand.
The total costs of using a resource are made up of
A) private costs only. B) external costs only. C) social costs only. D) internal and private costs only.