At the output where MC = ATC = P, the firm
A. should shutdown.
B. has no economic profit.
C. should raise output.
D. is profit maximizing.
Answer: B
Economics
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A positive externality exists when
A. a person's or group's actions cause a benefit that is felt by others. B. a person's or group's actions cause a cost that is felt by others. C. market output is less than socially optimal output. D. a and c E. b and c
Economics
A budget deficit occurs if government spending:
A. Equals tax revenues. B. Is greater than tax revenues. C. Is less than tax revenues. D. Causes tax revenues to increase.
Economics
Which of the following is NOT part of a training program?
a. job sharing b. job rotating c. temporary promotion d. promotion
Economics
consumer spending not dependent on current income
What will be an ideal response?
Economics