The profit-maximizing level of output for a firm occurs at the point at which
A) P = ATC.
B) P = AVC.
C) MR = MC.
D) MR = ATC.
Answer: C
You might also like to view...
Commercial paper is most commonly issued with a maturity of __________ days
A) 5 B) 10 C) 30 D) 270
In a world of perfect information, if consumers could costlessly contract with private contractors to produce a good and there were no economies of scale,
a. firms would be unnecessary b. markets would be unnecessary c. consumers would be unnecessary d. consumers would face greater production costs e. firms would be more efficient than the market
Which of the following activities would impact the current account of the U.S. balance of payments?
a. The Ford Motor Company makes a direct investment in a foreign subsidiary. b. The International Federation of Robotics holds a convention in Las Vegas. c. The Royal Bank of Scotland loans money to an American firm. d. Bank of America purchases stock in a European company.
The poverty rate dropped from 84 percent in 1981 to 11.2 percent in 2010 in what country?
A. India B. Chile C. South Africa D. China