Use the above figure. Total cost at the profit-maximizing output is closet to
A. $4,800.
B. $6,600.
C. $9,600.
D. $8,000.
Answer: B
Economics
You might also like to view...
Tastes for perfect complements are both homothetic and quasilinear.
Answer the following statement true (T) or false (F)
Economics
Under current U.S. tax laws, the interest paid on any debt-financed investment ________ tax deductible and the interest expense ________ the net present value of an investment.
A) is not; raises B) is; lowers C) is; raises D) is not; lowers
Economics
If total utility is falling, marginal utility is:
a. positive. b. negative c. positive, but declining. d. either positive or negative. e. zero.
Economics
A government program that reduces land under cultivation hurts farmers but helps consumers
a. True b. False Indicate whether the statement is true or false
Economics