?The figure given below shows the demand and the cost curves of a perfectly competitive firm. Total revenue at the profit-maximizing output equals _____.
a. ?$2,400
b. ?$4,000
c. ?$6,000
d. ?$5,200
e. ?$5,600
Ans: e. ?$5,600
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Which statement is true?
A. Russia has embraced capitalism at a much faster rate than China. B. The Russian government today is moving much closer to central planning than when the country was part of the Soviet Union. C. The standard of living in Russia is higher than that of the United States. D. None of the statements are true.
Which of the following accurately describes the motivation behind predatory pricing?
a. to drive out competitors b. to increase sales c. to tie goods together d. to attract new customers
What will happen to the supply of workers 18 to 21 years after a baby boom?
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