?
 Output (units) 0 1  2   3   4  5 Total Revenue ($)  0 9 16 21 27 31 Total Cost ($) 10 12 15 19 26 35To maximize its profits, the firm described in Table 8-1 should produce ____ unit(s) of output.

The most direct way in which money replaces barter is through its use as a

A) medium of exchange. B) recording device. C) store of value. D) unit of account.

So long as a monopolist finds itself in the situation where price is greater than average fixed cost at the profit-maximizing (loss-minimizing) level of output, the firm should continue to operate to minimize its losses

Indicate whether the statement is true or false