For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $11 and a marginal cost of $10 . It follows that the
a. production of the 100th unit of output increases the firm's profit by $1.
b. production of the 100th unit of output increases the firm's average total cost by $1.
c. firm's profit-maximizing level of output is less than 100 units.
d. production of the 101st unit of output must increase the firm's profit by more than $1.
a
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A) Japan and the United States B) Japan and Canada C) Canada and the United Kingdom D) the United Kingdom and the United States
For the top 1 percent of income distribution, the share of federal individual income taxes paid by households in this group in 2015 was ________ percent
A) 9 B) 17 C) 44 D) 68
Large companies with good credit ratings tend to rely on __________ for short-term financing
A) the commercial paper market B) private placements C) finance companies D) equity
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