According to the above figure, what are the profits of the firm if it produces 50,000 units?
A) -$5,000 per day
B) -$10,000 per day
C) -$7,500 per day
D) -$17,500 per day
C
Economics
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What are the effects of fiscal policy during normal times? What are the effects of fiscal policy during abnormal times?
What will be an ideal response?
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Equilibrium price and quantity are determined by:
A. demand. B. both supply and demand. C. supply. D. government regulations.
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Price ceilings set below the ______ price distort price signals and incentives to producers and consumers.
a. indeterminate b. market clearing c. supply d. inflation
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One of the primary functions of markets could be labeled
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