Assume that a firm's marginal revenue curve intersects the rising portion of the marginal cost curve at 100 units of output. At this output level, the profit-maximizing firm's total fixed cost is $600 and its total variable cost is $400 . If the price of the product is $8 per unit, the firm should produce:
a. zero units of output.
b. less than 100 units of output.
c. 100 units of output.
d. more than 100 units of output.
e. 200 units of the output.
c
Economics
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The federal corporate income tax is
A) unfair. B) progressive. C) proportional. D) regressive.
Economics
If the Fed wants to increase the interest rate, it will
a. buy bonds and increase the money supply. b. buy bonds and decrease the money supply. c. sell bonds and increase the money supply. d. sell bonds and decrease the money supply. e. sell bonds and increase money demand.
Economics