Revenue maximization occurs when a firm sells at a price
A) that is equal to its minimum average variable cost.
B) where its marginal revenue is equal to its marginal cost.
C) where its marginal revenue is zero.
D) None of the above
C
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Use the figure below to answer the following question.
An increase in quantity supplied caused by a change in price is depicted by a
A. movement from point y to point x. B. shift from S1 to S2. C. movement from point x to point y. D. shift from S2 to S1.
Tudor's Deli and Catering could have sold their delivery van on December 31, 2010 for $16,000. If they could sell the same van on December 31, 2011, for $13,000, then the economic depreciation in 2011 for this van
A) is $13,000. B) is $16,000. C) is $29,000. D) is $3,000.
Indifference curves that are closest to the origin are preferable to ones that are farther from the origin
a. True b. False Indicate whether the statement is true or false
Based on this graph, which of the following shifts would cause the greatest decrease in money supply?
a. a shift from i2 to i1
b. a shift from i1 to i*
c. a shift from i* to i2
d. a shift from i1 to i2