In the above figure, what is the profit-maximizing price and output?
A) $9, 14
B) $13, 14
C) $11, 16
D) $10, 17
B
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Stockholders share in the profits of a corporation
a. in proportion to their years of stock ownership b. in proportion to their ownership of stock c. equally regardless of number of shares owned d. only if they participate in firm management decisions e. only if they attend stockholders' meetings
What types of transactions count as debits in the balance of payments? What types of transactions count as credits? Give examples
From an economic perspective, when consumers leave a fast-food restaurant because the lines to be served are too long, they have concluded that the:
A. Marginal cost of waiting is less than the marginal benefit of being served B. Marginal cost of waiting is greater than the marginal benefit of being served C. Management is exhibiting irrational behavior by not maximizing profits D. Management is making an assumption that other things are equal
The slippage between output and the unemployment rate occurs because the unemployment rate is calculated from data on
A. the number of people employed. B. the number of jobs. C. the number of people who do not want to work. D. the civilian adult population.