If a firm is producing the level of output at which the total cost curve intersects the total revenue curve,
a. profit is positive
b. profit is maximized
c. profit is zero
d. costs are minimized
e. average revenue is maximized
C
Economics
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What is the cost of money?
(A) The economy's use of open market operations. (B) The bank's use of money creation. (C) The smoothing out of fluctuations in the market. (D) The price of the interest rate
Economics
X is exports, M is imports, T is net taxes, G is government expenditure, C is consumption expenditure, S is saving, and I is investment. Which of the following equations represents the private sector balance?
A) X - M B) T - G C) S - I D) C + S + T
Economics