Refer to the above figure. The profit maximizing quantity for this firm is
A) zero.
B) Q1.
C) Q2.
D) Q3.
B
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If the U.S. government increased its holdings of British pounds, definitely
A) the capital and financial account would increase. B) the capital and financial account would decrease. C) there would be an increase in U.S. official reserves. D) there would be a decrease in U.S. official reserves.
The primary reason that money is demanded is for: a. transaction purposes
b. asset purposes. c. precautionary reasons. d. investment purposes.
Which of the following is the best example of a tariff? a. a tax placed on all small cars sold in the domestic market
b. a limit imposed on the number of small cars that can be imported from a foreign country. c. a subsidy from the U.S. government to domestic manufacturers of small cars so they can compete more effectively with foreign producers of small cars. d. a $100-per-car fee imposed on all small cars imported.
The sum of all the individual supply curves for a product is called
a. total supply. b. market supply. c. aggregate supply. d. total output.