Suppose a monopolist charges a price of $27 for its product and sells 10 units at that price. At 10 units of production the firm has average fixed cost equal to $10 and average variable cost equal to $12 . How much total profit is the firm earning at this price?

Which of the following would not be considered a positive addition to household wealth?

A) a credit card balance B) the balance in your checking account C) 1,000 shares of Microsoft stock D) the equity in one's home

An increase in private saving (S) can be reflected in

A) a reduction in the budget deficit. B) a reduction in investment. C) an increase in net exports. D) all of the above