At the current level of output, a firm's marginal cost equals 16 and marginal revenue equals 10. The firm
A) is producing the profit-maximizing amount.
B) should produce more.
C) should produce less.
D) Not enough information.
C
Economics
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Which of the following is NOT part of the European Union?
A) Luxembourg B) Austria C) Portugal D) Greece E) Switzerland
Economics
An important distinction between Friedman's and others' views of the demand for money is the former's emphasis on the
A) substitution between money and virtually all other goods and assets. B) nominal rate of interest. C) substitution between money and other financial assets. D) effects of wealth.
Economics