Which of the following equations correctly represents the given data?
Answer the question on the basis of the following data:
A. Y d = 40 + .6C.
B. C = 60 + .4Y d .
C. C = 40 + .6Y d .
D. C = .6Y d
C. C = 40 + .6Y d .
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One of the most widely followed stock indexes in the United States is the Dow Jones Industrial Average. This index represents
A) the stock prices of 500 large U.S. firms. B) an over-the-counter market. C) the stock prices of more than 4,000 U.S. firms. D) the stock prices of 30 large U.S. corporations.
Given the diagram below, which level of output should the entrepreneur choose?
A. Either X1 or X3 since the profit level will be the same
B. X3 since any increase in output will reduce profits
C. X1 since any decrease in output will reduce profits
D. X2 since at this level the difference between MR and MC is maximized