According to the above figure, if the firm is earning zero economic profits, what quantity is the firm selling and at what price?
A) Q = 200; P = $4
B) Q = 1,000; P = $5
C) Q = 800; P = $4
D) Q = 1,200; P = $7
B
Economics
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Consider the salary of Mary Sue Nelson, a sales agent for Plain Truth Advertising. Her weekly compensation package is W = 1,000 + 0.4Q, where Q is her dollar volume of sales. Her productivity is Q = 200e + µ, where e denotes her hours of effort and µ, is a random variable with mean 0. If Mary Sue works an additional hour, the expected value of her wages rises by:
A. $80.00. B. $200.00. C. $0.00. D. $1,000.00.
Economics
"Fine tuning" is any government attempt to regulate inflation or unemployment.
Answer the following statement true (T) or false (F)
Economics