When a particular firm is fully utilizing its capital, its output is given by Y = 10 × . The cost of labor is $1 per unit. To maximize profit, how many units of labor should this firm use?

A supply curve shows the marginal

A) benefit consumers receive from consuming a good. B) profit businesses earn from selling a good. C) cost of producing the good. D) price paid for a good. E) benefit sellers receive from selling a good.

In a simple circular-flow diagram, firms use the money they get from a sale to

a. pay wages to workers. b. pay rent to landlords. c. pay profit to the firms' owners. d. All of the above are correct.