When economists are trying to help improve the world, they are
a. in the realm of positive economics rather than normative economics.
b. in the realm of macroeconomics rather than microeconomics.
c. scientists.
d. policy advisers.
d
Economics
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The psychological rewards of inventing a new product generally result in ____ profits for entrepreneurs.
A. below average B. only average C. above average D. indeterminate
Economics
Use the following graph to answer the next question.
What is the profit maximizing quantity of output for this pure monopoly?
A. 25 B. 10 C. 20 D. 40
Economics