In the above figure, at the profit-maximizing rate of production for the perfectly competitive firm, profit is
A. $70.
B. $30.
C. $130.
D. $100.
Answer: B
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A roller coaster operator produces thrill-packed rides using electricity and a roller coaster. For the roller coaster operator, electricity is
A. an opportunity cost. B. a variable cost. C. a fixed cost. D. a sunk cost.
What is the main difference between common and preferred stocks?
a. Common stocks pay interest whereas preferred stocks pay dividends. b. Preferred stocks carry voting rights whereas common stocks do not carry voting rights. c. Preferred stocks pay a guaranteed dividend, while common stocks may or may not pay dividends. d. In case of bankruptcy, preferred stockholders have a right to the company's asset, whereas common stockholders do not have such rights. e. Common stocks can be converted into preferred stocks while preferred stocks cannot be converted into common stocks.
Presently, GDP is ________ to compensate for the costs of environmental damage
A) fully adjusted B) partially adjusted C) adjusted on a chain-weight basis D) not adjusted
The Great Depression consisted of how many business cycles?
A. 1 B. 2 C. 3 D. 4