Refer to Figure 12-10. The total cost at the profit-maximizing output level equals
A) $4,800. B) $3,300. C) $2,500. D) $1,800.
B
You might also like to view...
A quota is
a. a tax on exported items. b. a tax on imported items. c. a limit on the amount of imports. d. a subsidy to export.
In the circular flow model, the business sector ____ goods and services in ____ markets.
a. demands; product c. supplies; product b. demands; resource d. supplies; resource
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.
In the market for euros, an increase in U.S. real interest rates tends to
A. cause no change in equilibrium price. B. increase equilibrium price. C. decrease equilibrium price. D. increase excess demand.