In the above figure, what is total revenue at the profit-maximizing point?
A. $170
B. $176
C. $126
D. $182
Answer: D
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Refer to Figure 11-17. Assume that production isoquants are convex. Total cost and output produced must increase for each of the following movements except one. Which movement is the exception?
A) point a to point b B) point b to point c C) point b to point d D) point a to point c
A sterilized intervention is actually a combination of two transactions. What are they and what is the effect on the monetary base?
What will be an ideal response?
According to Keynes, which of the following can be used to slow down an overheated economy?
A. Decrease government purchases. B. Employ more people. C. Decrease taxes. D. Make more money available.
An import quota for sugar results in an increase in
A) the domestic market price of sugar. B) the domestic demand for sugar. C) the domestic market supply of sugar. D) sugar imports.