If an average cost pricing rule is imposed on the firm in the figure above, the firm will make an economic profit of
A) zero.
B) -$240.
C) $150.
D) $400.
A
You might also like to view...
Prices are a critical component of the market system
Indicate whether the statement is true or false
Drug-interdiction policies that reduce the supply of illegal drugs
a. are likely to be more effective in the short run than in the long run. b. are proven to reduce illegal drug use faster than drug-education programs designed to reduce demand. c. may increase drug-related crimes. d. All of the above are correct.
The business cycle is the same thing as economic growth.
a. true b. false
Which statement is true?
A. Russia has embraced capitalism at a much faster rate than China. B. The Russian government today is moving much closer to central planning than when the country was part of the Soviet Union. C. The standard of living in Russia is higher than that of the United States. D. None of the statements are true.