For purposes of calculating the CPI, the food & beverages category of consumer spending includes the cost of
a. food away from home.
b. alcoholic beverages.
c. both food away from home and alcoholic beverages.
d. neither food away from home nor alcoholic beverages because these are included in the recreation category of consumer spending.
c
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The graph above shows the average cost, marginal cost, demand, and marginal revenue curves for a monopoly firm. The maximum possible profit the firm can earn per day is
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