The figure above shows the marginal revenue and costs of a perfectly competitive firm. The firm's profit is maximized when the firm produces
A) 90 units of output.
B) 130 units of output.
C) 170 units of output.
D) 210 units of output.
C
You might also like to view...
In the Classical model, high unemployment ________.
A. occurred when the equilibrium GDP was too low B. could last for a long period of time C. would cause wages to fall D. required government intervention to reduce it
Labor productivity growth depends on
i. saving and investment. ii. increases in human capital. iii. technological growth. A) Both ii and iii B) ii only C) i, ii, and iii D) iii only E) i only
List three key reasons to study economics
What will be an ideal response?
For decades, the NCAA restricted the number of college football and basketball games that could be televised, and in 1982 the University of Georgia and the University of Oklahoma sued the NCAA under the federal antitrust laws
In 1984, the Supreme Court decided the case A) against the NCAA, citing anticompetitive practice. B) against the NCAA, citing that the NCAA did not control what television networks put on the air. C) for the NCAA, citing the fact that belonging to the NCAA was voluntary. D) against the NCAA, citing explicit collusion among the larger colleges.