In this graph, at which of the market prices would the firm make short-run economic profits?
a. P1
b. P2
c. P3
d. P4
d. P4
Economics
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Refer to the above figure. Profits for this firm are negative
A) only for all points less than B. B) only at points B and C. C) for points between B and C. D) for all points less than B and greater than C.
Economics
In the above figure, if the firm is producing at Q3 and charging a price of P3, it should
A) increase output and decrease price. B) decrease output and increase price. C) not change output or price. D) shut down.
Economics
Which of the following is not a monetary policy tool for shifting the aggregate demand curve?
A. Open-market operations. B. Government spending. C. The discount rate. D. The reserve requirement.
Economics
In the long run, all factors of production are
A) variable. B) fixed. C) materials. D) rented.
Economics