A firm receives $10 per unit at an equilibrium level of output of 80 units. The average total cost at 80 units of output is $8 . The firm makes a total economic profit of:

For a government to add to the supply of loanable funds, it must

A) borrow. B) increase its investment demand. C) have a budget deficit. D) raise the real interest rate. E) have a budget surplus.

If people expect to have the profits from correct decisions confiscated but do not expect to be compensated for the losses from incorrect decisions, they will

A) attempt to maximize risk. B) only make choices when the outcomes are absolutely certain. C) try to do what most others are doing. D) undertake longer-range projects more frequently.