In the above figure, the firm's total economic profit is equal to

A) $60.
B) $200.
C) $150.
D) MR - MC.


A

Economics

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The excess of the nominal interest rate over the TIPS interest rate is known as the

A) interest-rate differential. B) break-even inflation rate. C) yield spread. D) term structure.

Economics

Suppose the following information describes the economy:GDP2,000Consumption1,500Government spending300Net taxes400 Private saving equals ________; public saving equals ________; national saving equals ________.

A. 100; 100; 200 B. 200; 100; 300 C. 100; 200; 100 D. 200; 100; 500

Economics

If the average total cost is increasing over a given output range, the average total cost must be smaller than the marginal cost.

Answer the following statement true (T) or false (F)

Economics

An explicit cost is defined as

A) a cost that does not change as output changes. B) a nonmonetary opportunity cost. C) a cost that involves spending money. D) a nonmonetary accounting cost.

Economics