Refer to the following table:
The optimal level of activity is:
A. 2
B. 3
C. 4
D. 5
E. There is no optimal level in this case because marginal benefit does not equal marginal cost at any activity level.
Answer: C
Economics
You might also like to view...
In the above figure, the economy is initially at point B. If the government decreases transfer payments, there is
A) a movement to point C. B) a movement to point A. C) a shift to AD2. D) a shift to AD1.
Economics
A bureaucrat at a public utility commission hearing testifies that the local area telephone monopoly is able to maximize its revenue. For that reason the rate-hike request should be denied
What will be an ideal response?
Economics