In the above figure, total revenue for this profit-maximizing monopolistically competitive firm is
A) $50,000.
B) $91,000.
C) $96,000.
D) $100,000.
D
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In the short run, a firm cannot change its level of output
Indicate whether the statement is true or false
In an open economy, the supply of loanable funds comes from national saving
a. True b. False Indicate whether the statement is true or false
If an economy is represented by a point inside its production possibilities curve:
A. it can produce more of one product even if it does not produce less of another product. B. it can produce more of one product only if it produces less of another product. C. it cannot produce more of one product unless it stops producing the other product entirely. D. it cannot possibly produce more of one product, even if it produces less of another product.
Analysts that favor a fast transition to market economies argue that China's success with a gradual transition is a special case because
A) its trade flows were relatively large. B) so much of its labor force was in agriculture. C) heavy industry already had a strong foothold when the transition began. D) its coastal areas were already relatively well developed.