In short-run if this firm produced 275 units of output, the perfectly competitive firm of Figure 9-8 will earn a total economic profit of
a.
zero
b.
$950
c.
$825
d.
$1,425
e.
$575
c
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Countries that borrow large amounts of money from foreign lenders prefer to:
A) hold an undervalued currency. B) hold an overvalued currency. C) have a high rate of unemployment. D) have a low rate of inflation. Suppose India borrows $10,000 from the U.S. at the beginning of 2012. The flexible exchange rate is 50 Indian rupees per dollar.
In the above figure, which curve shows a negative relationship between x and y?
A) only curve A B) only curve B C) only curve C D) None of the curves show a negative relationshi
One of the problems of using the CPI is that it
A. has difficulty adjusting for the improved quality of products in the market basket. B. only includes the prices of goods purchased by businesses. C. adjusts for the introduction of new products too quickly. D. All of these answers are correct.
Which of the following is NOT a type of market structure?
A. Monopolistic oligopoly B. Perfect competition C. Monopoly D. Monopolistic competition