If the firm is maximizing profits, total profit will be
A. LKJM.
B. NIKL.
C. MJKL.
D. OFKL.
C. MJKL.
You might also like to view...
Betty consumes good x and good y. If the price of x = $3 and the price of y = $4, then
A) an extra unit of x costs 4/3 units of y. B) an extra unit of y costs 4/3 units of x. C) an extra unit of x costs 3/4 units of y. D) Both B and C.
To say that a firm is competitive in the labor market is to say that the firm
a. has little or no control over the number of workers it hires. b. has little or no control over the wage it pays its workers. c. is aggressive in pursuing the most skilled workers in the labor market. d. is aggressive in trying to keep its workers' wages low.
The key indicator of a country's living standard and economic well-being is:
A. the interest rate. B. nominal GDP per person. C. real GDP per person. D. real GDP.
In the Keynesian model, a $5 billion decrease in investment leads to ________ in short-run equilibrium output.
A. a greater than $5 billion decrease B. no change. C. a $5 billion decrease D. a $5 billion increase