If the marginal cost were $22, the firm would maximize its profit at _____ unit(s) of output.
A. 1
B. 2
C. 3
D. 4
C. 3
You might also like to view...
"Good news" about an expenditure-related indicator drives bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
A vertical demand curve results in
A) no change in quantity when the supply curve shifts. B) no change in price when the supply curve shifts. C) no change in the supply curve being possible. D) no change in quantity when the demand curve shifts.
If there are zero implicit costs, accounting profits _________economic profits
a. Are greater than b. Are equal to c. Are less than d. Have no inherent relationship to
Which of the following was NOT an issue that the United States. had with the Kyoto Protocol?
a. Major U.S. trading partners (such as China and India) are exempt from the provisions—not fair! b. Europe's targets were set ridiculously low. c. We don't really know if pollution causes global warming. d. There are less costly ways to deal with environmental problems.