The firm in the above figure breaks even when quantity is
A) A.
B) B.
C) C.
D) D.
C
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The maximum potential money multiplier is equal to
A) one minus the reserve ratio B) the reserve ratio. C) the inverse of the required reserve ratio. D) the number of dollars on reserve.
Government expenditures includes all of the following except
A) federal defense spending. B) federal nondefense spending. C) state and local spending. D) transfers.
The economic concept of "opportunity cost" is most closely associated with which of the following management considerations?
A) market structure B) resource scarcity C) product demand D) technology
The average productivity of labor reaches its maximum:
a. at the point of inflection of the total product curve. b. where the slope of the total product curve is steepest. c. where the slope of the total product curve is zero. d. where marginal and average productivity are equal.