A firm has a constant marginal social cost of producing that equals $2Q. What is the socially efficient level of production for a firm facing an inverse demand P = 60 ? 2Q?

A. 15
B. 10
C. 20
D. 25


Answer: A

Economics

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According to data on Pennsylvania agriculture in the 18th century, increases in productivity were primarily due to:

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A decrease in the price level in an economy is likely to cause a: a. decrease in the real value of dollar-denominated assets. b. downward shift of the aggregate expenditure line

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Refer to the information provided in Figure 17.2 below to answer the question(s) that follow.  Figure 17.2 Refer to Figure 17.2. Suppose Sam's utility from income is given in the diagram. From this we would say that Sam is

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Economics