The figure above shows depicts the marginal revenue and costs of a perfectly competitive firm. When 170 units are produced, the firm
A) would definitely shut down.
B) would incur an economic loss.
C) would increase its price.
D) has total costs less than $2,720.
D
You might also like to view...
In which of the following ways can national savings be calculated?
A) By deducting net exports and government expenditure from total output B) By deducting consumption and investment from total output. C) By deducting consumption and government expenditure from total output D) By deducting investment and government expenditure from total output
Movements in GDP
A) differ greatly from movements in GNP. B) do not differ greatly from movements in GNP. C) are not allowed to differ at all from movements in GNP by definition. D) need to be inflation adjusted in order to match movements in GNP. E) are not relevant to an examination of national income.
Refer to the above table. The overall balance of payments of Nation "A" is
A) +85. B) - 85. C) 0. D) +25.
Explain the possible reasons for and benefits of international macroeconomic policy coordination. What are two different reasons why we actually see little international macroeconomic policy coordination?
What will be an ideal response?