The ultimate source of liquidity in a modern industrial economy is the

The figure above shows the marginal revenue and costs of a perfectly competitive firm. When the firm produces 170 units

A) marginal cost is less than marginal revenue. B) marginal revenue equals marginal cost. C) total revenue is less than total cost. D) total revenue equals total cost.

Refer to Figure 5-3. With insurance and a third-party payer system, what is the amount of the deadweight loss?

A) $0 B) $2,500 C) $5,000 D) $24,000