Refer to the information provided in Figure 7.10 below to answer the question(s) that follow.  Figure 7.10Refer to Figure 7.10. The firm's level of total cost is represented by the given isocost line. At the optimal combination of capital and labor, the firm produces ________ units of output.

Refer to the information. If the real interest rate is 20 percent, the equilibrium GDP will be:

Answer the question below on the basis of the following information for a private closed economy:

A.  $100.
B.  $200.
C.  $300.
D.  $400.

A firm's long-run average cost curve represents the minimum cost of producing each level of output when the scale of production can be adjusted.

Answer the following statement true (T) or false (F)