Refer to the information provided in Figure 13.4 below to answer the question(s) that follow. 
Figure 13.4Refer to Figure 13.4. If this firm produces the profit-maximizing quantity and sells it at the profit-maximizing price, the firm's ________ will be $88.
A. profit
B. total revenue
C. total cost
D. loss
Answer: A
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In economics, the term "equity" means
A) economic benefits are distributed fairly. B) everyone has an equal standard of living. C) the hardest working individuals consume all they want. D) only elected officials have high standards of living.
If the quantity of higher education demanded rises by 5 percent when incomes rise by 10 percent,
a. higher education is a normal good b. higher education is an inferior good c. the demand for higher education is price elastic d. the law of demand applies to higher education e. the demand for higher education is price inelastic
A vertical FE curve indicates perfect capital mobility.
Answer the following statement true (T) or false (F)
The tool most frequently used by the Fed to change the money supply is changing the required reserve ratio.
Answer the following statement true (T) or false (F)