Refer to Table 15-1. What is the firm's profit-maximizing output and what is the price charged to sell this output?

A) P = $65; Q = 14
B) P = $70; Q = 13
C) P = $80; Q = 11
D) P = $85; Q = 10

B

Economics

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According to classical economists, the price level will remain unchanged as long as the growth rate of M equals

a. the growth rate of Q b. the growth rate of P c. the growth rate of V d. the inflation rate e. zero

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Which of the following is considered human capital? Knowledge acquired from

a. early childhood education programs b. job training c. on-the-job experience d. All of the above are correct.

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