In the above figure, the firm's total economic profit is equal to
A) $60.
B) $200.
C) $150.
D) MR - MC.
A
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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.
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
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)
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.