Use the data in the above table and suppose that labor is the only variable factor of production. At what level of output does the marginal cost start to rise at Decent Donuts?
A) 0 dozen donuts
B) 111 dozen donuts
C) 128 dozen donuts
D) There is not enough information given to determine when the marginal cost starts to increase.
B
Economics
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When a firm's fixed costs increase it should raise its prices in order to maximize profits
a. True b. False Indicate whether the statement is true or false
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If household saving decreases by $4 million, business saving increases by $4 million, and the government budget deficit decreases by $4 million, then private saving ________ and public saving ________.
A. does not change; increases B. increases; decreases C. does not change; decreases D. increases; increases
Economics