In Figure 20.1, total revenue is maximized at the unit price of
A. $100.
B. $50.
C. $80.
D. $60.
Answer: A
Economics
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What is the present value of $100 one year from now at an interest rate of 5%?
A) $5 B) $95.24 C) $100 D) $105
Economics
Table 5.1National Income Accounts (dollar figures are in billions)Expenditures for consumer goods and services$4,565Exports$740Government purchases of goods and services$1,465Social Security taxes$510Net investment$225Indirect business taxes$520Imports$825Gross investment$865Corporate income taxes$185Personal income taxes$750Corporate retained earnings$45Net foreign factor income$20Government transfer payments to households$690Net interest payments to households$0On the basis of Table 5.1, net exports are
A. $825 billion. B. $85 billion. C. -$85 billion. D. $740 billion.
Economics