Refer to the figure below. During low-peak times, what price-quantity combination should the firm charge to maximize profit?  

The table above gives data for the nation of Pearl, a small island in the South Pacific. When the economy is at full employment the price level is

A) 150. B) 110. C) 130. D) 140. E) 120.

A downward sloping marginal product of labor curve demonstrates the law of diminishing marginal returns

Indicate whether the statement is true or false