________: the variable costs incurred by the business in the current period per unit of output

The monetary policy tool that involves the buying and selling of government bonds is

A) moral suasion. B) reserve requirements. C) the discount rate. D) open-market operations.

Refer to Scenario 12.2. What is the profit maximizing level of output?

A) 171.43 B) 120 C) 150 D) all of the above E) none of the above