If this firm produced at its most efficient output level it would produce _______ units.
A. 50
B. 80
C. 90
D. 100
D. 100
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If there is no Ricardo-Barro effect, the government
A) only affects the demand for loanable funds curve in the loanable funds market. B) has no effect because private saving changes to offset the effect that the government's budget deficit or surplus might otherwise have. C) plays no direct role in the loanable funds market because it doesn't affect either the demand for loanable funds or the supply of loanable funds. D) increases the supply of loanable funds if it has a budget surplus and shifts the supply of loanable funds curve. E) always has negative saving and therefore lowers the real interest rate.
The real exchange rate is
A) the price of one currency in terms of another. B) the price of domestic goods relative to foreign goods. C) the quantity of gold that can be purchased by one unit of currency. D) the difference in interest rates between two countries.
If Big Box Store has customers with identical demands, if it practices two-part pricing, the profit-maximizing access fee is ________ the consumer surplus.
A) less than B) greater than C) exactly double D) equal to
What is the most efficient tax and why?