Use the following data to answer the next question.OutputATC-AATC-BATC-C10$6$13$442059353046274054205073146010411701458801976902510510032167The letters A, B, and C designate three successively larger plant sizes. In the long run, the firm should use plant size "A" for the production of
A. all possible levels of output.
B. all levels of output greater than or equal to 40.
C. 10 to 30 units of output.
D. 30 to 60 units of output.
Answer: C
Economics
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If a firm fails to provide investors with at least a normal rate of return
A) it will not be able to remain in business in the short run. B) it will have a positive economic profit but a negative accounting profit. C) it will not be able to remain in business in the long run. D) it will shut down in the short run but will be able to remain in business in the long run.
Economics
If the MPC equals 0.75, $100 billion tax increase will decrease consumption in the first round by
A. $400 billion. B. $75 billion. C. $300 billion. D. $100 billion.
Economics