In the diagram below, the profit maximizing output level is 
A. 0B.
B. 0C.
C. 0A.
D. It is impossible to say.
Answer: C
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If the marginal utility of a product exceeds its MC, we would want, on efficiency grounds, to
A. increase production. B. decrease production. C. leave production constant. D. One cannot tell without knowing the price.
If the Japanese yen was 123 per dollar and now it is 114 yen per dollar, it can be said that
A) the yen has appreciated against the dollar. B) the yen has depreciated against the dollar. C) the dollar has appreciated against the yen. D) Both answers C and B are correct
If someone you know offers far more to hire you to work for than you could ever have imagine, the opportunity cost of working for yourself would rise
a. True b. False Indicate whether the statement is true or false
Which of the following contributes to an institutional structure that promotes economic growth?
A. Technology. B. Property rights. C. Comparative advantage. D. The inequality trap.