The balance of payments always balances, because each of the specific accounts must, by definition, be in balance

A political function of government is to

A) encourage the consumption of government-sponsored goods. B) provide public goods. C) correct for externalities. D) encourage the workings of the price system.

In the above figure, what is total cost at the profit-maximizing point?

A) $182 B) $126 C) $112 D) $170