Refer to Figure 8.1. At 67 units of output, profit is
A) maximized and zero.
B) maximized and negative.
C) maximized and positive.
D) not maximized, and zero.
E) not maximized, and negative.
C
Economics
You might also like to view...
Which aggregate measure is used to determine whether or not a country is experiencing a recession?
A) Nominal GDP B) Nominal interest rate C) Real GDP D) Real interest rate E) Gross business inventory investment
Economics
What happens to the value of the deposit multiplier when banks hold excess reserves?
A) It is larger than the value implied by the formula. B) It is smaller than the value implied by the formula. C) It is only affected by the amount of loans that banks are willing to make, not the amount of excess reserves held. D) There is insufficient information to answer the question.
Economics