When MB = 300 ? 12Y and TC = 12Y + 108, the optimal level of Y is:

A. 24.
B. 25.
C. 4.5.
D. 8.


Answer: A

Economics

You might also like to view...

When a banker records how many dollars each of his borrowers owes the bank, money is serving as a

A. store of value. B. medium of exchange. C. legal tender. D. unit of account.

Economics

Rick was charged $200 while applying for an insurance claim for his damaged car. This is an example of ________

A) a subsidy B) a copayment C) a brokerage D) a dividend

Economics

A farm is able to produce 9,000 pints of strawberries per season on 10 acres. It adds one more acre and is able to produce 12,000 pints per season. The marginal product of land for this farm is:

a. 900 pints per acre per year. b. 1,000 pints per acre per year. c. 3,000 pints per acre per year. d. 12,000 pints per acre per year.

Economics

A decrease in real GDP would affect the U.S. economy by:

A. cutting tax revenues and raising government expenditures. B. cutting government expenditures and raising tax revenues. C. raising both tax revenues and government expenditures. D. cutting both government expenditures and tax revenues.

Economics