In the above figure, total revenue for this profit-maximizing monopolistically competitive firm is
A. $96,000.
B. $91,000.
C. $50,000.
D. $100,000.
Answer: D
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Use the figure below: If good skiing costs $100 per day and horseback riding costs $50 per day, if you have $250 to spend which indifference curve would maximize your utility?
A. Curve A B. Curve B C. Curve C D. None of these curves
Profit maximization
A) makes a firm become as large as possible. B) makes a firm remain small in the long run. C) increases the likelihood that a firm will survive. D) leads a firm to become the target of a takeover.
The argument that suggests that regulators balance the interests of firms, consumers, and legislators is called
A. the creative response theory. B. the theory of optimal regulation. C. the capture hypothesis. D. the share-the-gains, share-the-pains theory.
A decrease in German residents' willingness to invest in dollar-denominated assets will shift the demand curve for
A. dollars to the left. B. euros to the left. C. dollars to the right. D. euros to the right.