A competitive price-searcher firm is currently producing 10 units of output. At this level of output the firm is charging a price equal to $10, has marginal revenue equal to $6, has marginal cost equal to $6, and has average total cost equal to $12 . From this information we can conclude that
a. the firm is currently earning zero profit.
b. the profits of the firm are negative.
c. firms are likely to enter this market in the long run.
d. the firm would earn more profit by reducing output.
B
Economics
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To convert the nominal interest rate to the real interest rate, we
A) divide the nominal interest rate by the inflation rate. B) multiply the nominal interest rate by the inflation rate. C) subtract the inflation rate from the nominal interest rate. D) add the inflation rate to the nominal interest rate. E) subtract the nominal interest rate from the inflation rate and then multiply by 100.
Economics
Refer to the above table. The current account balance is
A) $140. B) $155. C) $170. D) -$45.
Economics