In the above figure, when this monopolistically competitive firm produces its profit-maximizing output, it sets a per-unit price of
A. $13.
B. $10.
C. $8.
D. $11.
Answer: D
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Deepening of human capital in the U.S. economy focuses: a. more on additional education and training than on a higher average level of work experience. b. more on a higher average level of work experience than on additional education and training. c. more on the reduction of the cost of capital than on additional training
d. more on increasing the stock of physical capital than on higher education.
If the price in the market for a commodity is above the market equilibrium price, the:
A) price will remain unchanged. B) price will rise to clear the market. C) quantity supplied exceeds the quantity demanded. D) quantity demanded exceeds the quantity supplied
Exports minus imports of final goods and services
What will be an ideal response?
There is an opportunity cost associated with
A. only investments made with borrowed funds. B. only investments made with funds received from the sale of new bonds. C. only investments made with retained earnings. D. every investment project, no matter how it is funded.