Refer to the above table. The table represents information on the costs for Ajax Corporation. Ajax operates in a perfectly competitive market and the price of the product is $9. What does profit equal when quantity equals 3?

A) $13
B) $10
C) $6
D) $2

C

Economics

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When consumption expenditure is ________ disposable income, saving is ________

A) greater than; positive B) equal to; positive C) less than; positive D) less than; negative E) equal to; negative

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Refer to Figure 3-1. A decrease population would be represented by a movement from

A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.

Economics