As the manager of a firm you calculate the marginal revenue is $152 and marginal cost is $200. You should
A) expand output.
B) do nothing without information about your fixed costs.
C) reduce output until marginal revenue equals marginal cost.
D) expand output until marginal revenue equals zero.
E) reduce output beyond the level where marginal revenue equals zero.
C
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A 14 year old boy who works in a bakery shop is a part of the labor force
a. True b. False Indicate whether the statement is true or false
In any economy functioning at potential GDP, there are occasions when the short-term aggregate supply curve unexpectedly shifts, causing inflationary pressures. Which of the following is considered to be a common cause of this type of shift?
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a. true b. false