Refer to the above figure. Profits for this firm are equal to zero
A. only for all points less than B.
B. for points between B and C.
C. for all points less than B and greater than C.
D. only at points B and C.
Answer: D
Economics
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Which of the following is least likely to limit the ability of a firm to minimize production costs?
A) Resistance by labor. B) The fact that the firm is a nonprofit organization. C) An increase in the amount of competition faced by the firm. D) Legislated input combinations for firms in particular industries, e.g, health care.
Economics
Economists usually favor a return to the gold standard
Indicate whether the statement is true or false
Economics