Refer to the above figure. Profits for this firm are equal to zero
A. only for all points less than B.
B. for points between B and C.
C. for all points less than B and greater than C.
D. only at points B and C.
Answer: D
You might also like to view...
If the growth rate for GDP was 5 percent and GDP in year 1 was 140, then GDP in year 2 would be
A) 133.3. B) 135. C) 145. D) 147.
The resource based view locates the source of advantage at the
a. Individual firm level b. Industry level c. Both a and b d. None of the above
A realistic production possibilities curve:
A. is concave while a simple PPF has constant opportunity costs. B. is straight lined while a simple PPFhas constant opportunity costs. C. is straight lined while a simple PPF is bowed outward. D. is concave while a simple PPFhas increasing opportunity costs.
Which of the following is a measure taken by the government to internalize externalities?
a. Value Added Tax b. Income Tax c. Cap and trade d. Tariffs e. Deficit financing