A) I = Y + C + G.
B) I = Y - C - G.
C) I = Y - C + G.
D) I = Y + C - G.
Sue offers to pay Al $50 for each painting of his that she sells in her gallery. Each painting sells for $75. The cost to Al of producing each painting is $55. Which of the following statements is TRUE about this contract?
A) This contract is efficient.
B) This contract maximizes joint profit.
C) Al will not participate in this contract.
D) This is a fixed-fee contract.
C
Economics
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