A business owned and managed by a single individual:

When the marginal cost of producing sweet potatoes equals the marginal benefit, the sweet potato producer has:

a. incurred economic losses. b. reached the optimal quantity to produce. c. minimized the total costs of production. d. avoided incurring any opportunity costs.

"Turnover" unemployment is another name for ________ unemployment

A) frictional B) structural C) cyclical D) natural