Refer to Figure 13-17. What is the amount of excess capacity?

IMF conditionality may include

A) changes in the fiscal and monetary policies of the country facing the financial crisis. B) changes in the exchange rate policies. C) regulating and restructuring the financial sector of the economy of the country in crisis. D) political regime change.

When a firm is operating at its minimum efficient scale, its

a. short-run average total cost of production is minimized b. long-run marginal cost of production is minimized c. long-run average cost of production is minimized d. long-run profit is maximized e. profit is at a maximum