When the TR and TC curves have the same slope,
A) they are the furthest from each other.
B) they are closest to each other.
C) they intersect each other.
D) profit is negative.
E) profit is zero.
A
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Use the following graph for the federal funds market to answer the next question.
If the Fed wants the federal funds rate to be at if1, what quantity of reserves do they need to make available to banks?
A. Qf1 B. Qf2 C. Qf3 D. It cannot be determined with the information given.
In the above figure, suppose that the government sets a limit to production at 10 units of output and the price rises to $4. In comparison to a competitive market the consumer surplus would fall by
A) $0. B) $10. C) $15. D) $20.
A reentrant is an individual
A) in the labor force whose employment was involuntarily terminated. B) who used to work full time but left the labor force and has now reentered it looking for a job. C) in the labor force who quits voluntarily. D) who has never held a full-time job lasting two weeks or longer but is now seeking employment.
When a firm's fixed cost rises, its total profit curve shifts
a. up at every output level. b. down at every output level. c. left at every profit level. d. right at every profit level.