Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total costs will be:
A. $300.
B. $248.
C. $198.
D. $126.
C. $198.
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Purchases of inventories by
A) firms are not counted in investment spending. B) firms are also counted in investment spending. C) households are also counted in investment spending. D) households and Firms are also counted in investment spending. E) foreign consumers are counter in investment spending.
Lowering a fixed exchange rate by a government is called a(n) __________ of that rate
A) devaluation B) revaluation C) appreciation D) depreciation
When two goods are perfect substitutes, the
a. indifference curve is a horizontal straight line. b. marginal rate of substitution is constant. c. indifference curve is a vertical straight line. d. Both a and b are correct.
________ is the general resistance to change, often stemming from loss aversion.
A. Anchoring and adjustment B. Regression to the mean C. Status quo bias D. The present aim standard of rationality