According to the above figure, when the monopolist maximizes profits, its profits are equal to the area given by
A) AKMC.
B) AKOD.
C) BLPE.
D) EPRF.
B
Economics
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Capital goods are
A) a type of intermediate good. B) final goods, because they are not used up during a given year. C) produced in the same year as the related final good, whereas intermediate goods are produced in different years. D) produced in one year, whereas final goods are produced over a period of more than one year.
Economics
In 2015, ZVX motors sold 17,241 units of their latest superbike, the ZVX-1200 . Each ZVX-1200 costs $9,763 to the company, and is sold at a price of $17,255 per unit. The total profit earned by ZVX motors in 2015 is:
a. $297,493,455. b. $129,789,523. c. $132,310,819. d. $129,769,572.
Economics