When MR = MC
A) marginal profit is maximized.
B) total profit is maximized.
C) marginal profit is positive.
D) total profit is zero.
B
Economics
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Import restrictions
A) can protect United States jobs in the protected industry, which increases economic welfare of the country as a whole. B) can protect United States jobs in the protected industry but will also lead to job reductions in other export industries. C) hurt people who work in importing companies, but makes consumers better off. D) cannot protect American jobs in any sector of the economy.
Economics
Between 1992 and 1999, the employment rate for single mothers in the United States:
A. increased by 15 percentage points. B. decreased by 19 percentage points. C. remained fairly constant. D. more than doubled.
Economics