In the above figure, what is total cost at the profit-maximizing point?

The government of Techland is planning a cut in income tax rates. What is the possible consequence of such a change in policy on Techland's economy if it is implemented?

What will be an ideal response?

The Case in Point on campus parking suggested that giving students lower fares for taking public transportation was what kind of factor in the demand for parking spaces?

A) supply shifter B) demand shifter C) false prophet D) spoiler