Based on the table above which shows Chip's costs, if rice sells for $600 a ton, Chip's profit-maximizing output is
A) less than one ton.
B) between two and three tons.
C) between three and four tons.
D) between one and two tons.
B
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Property and casualty insurance companies are supervised and regulated by the
A) Federal Home Loan Bank Board. B) Securities and Exchange Commission. C) states in which they operate. D) Federal Reserve.
A good measure of productivity is
A) the interest rate. B) the inflation rate. C) aggregate output divided by employment. D) the growth rate of aggregate output.
Intertemporal decision making involves:
a. making decisions for immediate action. b. making decisions across time. c. reactionary decision making. d. making decisions that are temporary in nature.
Under the transferrable pollution rights system, unused permits ______.
a. must be destroyed b. can be sold c. become public property d. result in heavy fines