Refer to above figure. While selling exports it would also maximize its domestic sales by equating its marginal (opportunity) cost to its marginal revenue of $5. How much steel would the firm sell domestically, and at what price?

What will be an ideal response?

4 million tons at $10/ton.

Economics

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From 1970 to 2010, as a fraction of GDP, the quantity of money that people and businesses have held has been

A) independent of people's use of credit cards. B) increasing. C) decreasing. D) fluctuating erratically. E) changing only as the interest rate changed.

Economics

The GDP deflator is the best measure that reflects the prices of goods and services purchased by the typical household

Indicate whether the statement is true or false

Economics