If ABC Printing produces 100 calendars, and the MR of the 100th is $5 and the MC is $3, then the firm is
a. maximizing profit
b. producing too many calendars
c. making a $200 profit
d. making a $200 loss
e. producing too few calendars
E
Economics
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A market demand schedule for a product indicates that
A) as the product's price falls, consumers buy less of the good. B) there is a positive relationship between price and quantity demanded. C) as a product's price rises, consumers buy more of the good. D) there is a negative relationship between price and quantity demanded.
Economics
The AFL and CIO merged because it was thought that
A) organized labor would grow faster as a result. B) union pension funds would shrink as a result. C) strikes could be averted. D) managers would be more sympathetic to unions.
Economics