Interlace, Inc produces and a unique soda. The company cannot price discriminate. The figure above shows Interlace's demand curve, marginal revenue curve, and marginal cost curve. When Interlace maximizes its profit, the deadweight loss is
A) zero.
B) $15,000.
C) $21,000.
D) $3,000.
D
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Refer to the graph shown.
An economy is in both short- and long-run equilibrium at ________.
A. point A B. point B only C. point C only D. point B to C
Which of the following statements is true?
A) A worker who shirks work is not an economic agent. B) All economic agents are necessarily individuals. C) A government is an example of an economic agent. D) A street gang is not an economic agent.
As discussed in the text, a bank can extend new loans equal to the amount by which its excess reserves increase
a. True b. False Indicate whether the statement is true or false
It does not make economic sense to maximize short run performance over long run performance
Indicate whether the statement is true or false