In the above figure, a regulation requiring average cost pricing would force the firm to produce at output level
A) Q1.
B) Q2.
C) Q3.
D) Q4.
D
You might also like to view...
Peanut butter and jelly are complements. If the price of peanut butter increases, the demand for jelly will increase
Indicate whether the statement is true or false
The concept of linkages is most important in
a. balanced growth model b. surplus labor model c. Harrod-Domar model d. unbalanced growth model e. linkage is not important in any growth model
The consumer price index is
a. not very useful as a measure of the cost of living. b. a perfect measure of the cost of living. c. a useful measure, but not a perfect measure, of the cost of living. d. not used as a measure of the cost of living.
State industries are notoriously poor "incubator" for the development of profit-focused, entrepreneurial persons who may leave the firm to set up their own businesses. This statement is an argument in favor of:
A. free immigration and emigration. B. privatizing state industries. C. central planning. D. free trade.