According to the graph shown, producing 9 units earns profits that are:
A. higher than output of 11 units, and the firm should increase production.
B. higher than output of 11 units, and the firm should decrease production.
C. lower than output of 11 units, and the firm should increase production.
D. lower than output of 11 units, and the firm should decrease production.
Answer: C
Economics
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A) There is no relationship between x and y. B) There is a positive relationship between x and y. C) There is a negative relationship between x and y. D) None of the above answers are correct.
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Explain the issues involved with the Fed acting as a lender of Last Resort (LLR)
What will be an ideal response?
Economics