Figure 10-1
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A firm earns a profit of exactly zero at its optimal output level only if

Assume a distant tribe only harvests breadfruit and its entire livelihood depends on it. If the price of breadfruit were to rise suddenly how might it be possible that this tribe would actually consume more breadfruit?

What will be an ideal response?

Reserve requirements is the rate the Fed charges when it lends money to banks

Indicate whether the statement is true or false