At an output of 64, MC = $31, ATC = $31, and MR = $32. At that output the firm is
A. maximizing its profits, but not operating at peak efficiency.
B. maximizing its profits and operating at peak efficiency.
C. operating at peak efficiency, but not maximizing its profits.
D. neither operating at peak efficiency nor maximizing its profits.
C. operating at peak efficiency, but not maximizing its profits.
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The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The total value of donations raised by three employees is:
A. $48,911. B. $51,963. C. $43,899. D. $45,000.
The gold standard is an example of a ________ exchange rate system.
A. dollarized B. flexible C. fixed D. nominal
The central bank of the European Union is called the
A) Federal Reserve. B) European Central Bank. C) Banco Europe. D) Bundesbank.
________ means people are more unhappy when they suffer losses than they are happy when they achieve gains
A) Loss fundamentals B) Loss aversion C) Loss leader D) Loss cycle