Refer to Figure 12-2. What is the amount of profit if the firm produces Q2 units?
A) It is equal to the vertical distance c to g multiplied by Q2 units.
B) It is equal to the vertical distance g to Q2.
C) It is equal to the vertical distance c to Q2.
D) It is equal to the vertical distance c to g.
D
Economics
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A system by which firms assign their customers for collection purposes to regional banks that transfer funds to a central bank is known as:
A) A lock-box system B) A zero-balance account C) A wire transfer D) Concentration banking
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What is the proper formula for computing the GDP using the expenditure approach?
A. C + I + G + X B. 0.5(w + r) + k C. S + I + G + X D. C + O + G + S
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