According to economic theory, profits are maximized where
A) total revenue equals total cost.
B) marginal revenue equals marginal cost.
C) price and average cost are equal.
D) where marginal product and average cost are equal.
B
Economics
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Which of the following would likely increase private saving?
a. Both expansion of IRA type accounts and a consumption tax. b. Expansion of IRA type accounts, but not a consumption tax. c. A consumption tax, but not expansion of IRA type accounts. d. Neither expansion of IRA type accounts nor a consumption tax.
Economics
Between the summer of 2005 and April 2008, the Chinese yuan ___ against the U.S. dollar
A. appreciated by 5% B. appreciated by 21% C. depreciated by 5% D. depreciated by 20%
Economics