If ABC Printing produces 100 calendars, and the MR of the 100th is $5 and the MC is $3, then the firm is

a. maximizing profit
b. producing too many calendars
c. making a $200 profit
d. making a $200 loss
e. producing too few calendars


E

Economics

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Economics

The Federal Reserve System was founded in:

a. 1913. b. 1929. c. 1933. d. 1935.

Economics

Marginal utility is _____

a. always greater than total utility b. utility that is not as good as normal utility c. the extra utility derived from consuming one additional unit of a good or service d. always positive e. not related to total utility

Economics

The real wage is equal to the _____

Fill in the blank(s) with the appropriate word(s).

Economics