In the above figure, what is the profit-maximizing price and output?
A. $10, 17
B. $11, 16
C. $9, 14
D. $13, 14
Answer: D
You might also like to view...
The circular flow of economic activity is a model of the:
a. flow of goods, resources, payments, and expenditures between the sectors of the economy. b. influence of government on business behavior. c. influence of business on consumers. d. role of unions and government in the economy.
Macland is specializing and trading with Microland. Where will Macland be on its production possibility frontier?
a. It will be on the PPF. b. It will be inside the PPF. c. It will be outside of the PPF. d. It will be shifting the PPF out.
If Y = $100 billion, then C = $50 billion, and I = $60 billion. What will autonomous investment be when Y = $200 billion and C = $100 billion?
a. $50 billion b. $60 billion c. $100 billion d. $120 billion e. $200 billion
A central bank's purchase of securities made by writing checks on itself will:
A. have no impact at all on the balance sheet. B. only change the composition of its assets. C. decrease the size of its balance sheet. D. increase the size of their balance sheet.