Refer to the table above. If the price of a chair increases to $15, and the rental price of machines is $90 per day, up to how many machines should the firm rent to maximize profits?
A) 1
B) 3
C) 5
D) 6
D
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The marginal cost curve passes through the ________ points of the ________ cost curve and the ________ cost curve
A) minimum; average total; average variable B) minimum; average total; average fixed C) maximum; total cost; total variable D) minimum; average variable; average fixed
If the firm in the figure above is unregulated, the deadweight loss will be
A) zero. B) $100. C) $200. D) $400.
Coins in the United States are manufactured and distributed by the: a. Federal Reserve
b. U.S. Mint. c. International Trade Administration. d. Federal Bureau of Investigation. e. Comptroller of the Currency.
From 2002 to 2014, employment a. declined in health care and food services
b. declined in health care and increased in food services. c. declined in food services and increased in health care. d. increased in health care and food services.