Table 11-1
Quantity (units)18161412104Price per unit (dollars)123 4 5 6 Total cost (dollars)44 3832262014Table 11-1 shows demand and total cost schedules for Monopoliteria. At the profit-maximizing output, what quantity is Monopoliteria producing?
A. 10
B. 12
C. 14
D. 16
Answer: A
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Which resource is the main contributor to economic growth in the United States, Latin America, and South Asia?
A. growth in physical capital B. growth in human capital C. growth in natural resources D. growth in labor productivity
Refer to the above table. At what quantity does diminishing marginal utility set in?
A. 1st B. After 6 C. After 4 D. After 5