If the inputs to a production process are perfect complements, the firm can choose from a virtually infinite array of combinations of the two inputs to minimize the costs of producing a given level of output

Refer to Figure 12-20. If the market price is P1, what is the allocatively efficient output level?

A) Q0 B) Q1 C) Q2 D) There is no allocatively efficient output level because the firm is making a loss.

Which of the following countries received a loan from the IMF in November 2008?

A) Japan B) China C) Hungary D) Mexico