Refer to the graph shown. If the firm is producing 120 units of output, profit is equal to:
A. $30.
B. $38.
C. $0.
D. ?$38.
Answer: D
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Since 1994, trade rules have been enforced by
A) the WTO. B) the G10. C) the GATT. D) The U.S. Congress. E) the European Union.
In terms of cash flows, a "balloon" mortgage resembles
A) an amortized loan. B) a Treasury bill. C) a conventional bond. D) a zero-coupon bond.
If the complicated technology costs $10million to develop while the simple technology costs $2million to develop, which technology is more profitable to develop?
a. The simple voice-activated software b. The complicated thought-activated software c. Neither of the software d. Need more information
In the long run a company that produces and sells organic tofu incurs total costs of $1,200 when output is 1,200 units and $1,650 when output is 1,400 units. The tofu company exhibits
a. diseconomies of scale because total cost is rising as output rises. b. diseconomies of scale because average total cost is rising as output rises. c. economies of scale because total cost is rising as output rises. d. economies of scale because average total cost is falling as output rises.