Refer to Figure 8.1. At the profit-maximizing level of output, ATC is

A) $26.
B) $30.
C) $31.
D) $40.
E) $44.


C

Economics

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Using the information in Situation 20-2, if taxes increase by $10, then the equilibrium aggregate output will change by

A) -$90. B) -$10. C) $10. D) $90.

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Which of the following components of aggregate expenditure is most subject to crowding out?

a. Consumption expenditures b. Investment spending c. Imports d. Government purchases of goods and services e. National saving

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If a perfectly competitive industry were taken over by a monopoly, the monopoly would usually produce more output and charge a higher price

a. True b. False

Economics

If a firm is a price taker, then its marginal revenue will always equal

A) price. B) total cost. C) zero. D) one.

Economics