If at an output of 4,000 units Sloan Company is making an economic profit and marginal profit is $20 per unit, the firm should
a. reduce output to maximize total profit.
b. increase output until marginal profit falls to zero.
c. do whatever is necessary to increase marginal profit.
d. There is not enough information to make a decision.
b
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Regulation Q was repealed in the __________ by the __________
A) early 1970s; Garn-St. Germain Act B) late 1970s; Depository Institutions Deregulation and Monetary Control Act C) late 1980s; Reigle-Neil Act D) early 1980s; Depository Institutions Deregulation and Monetary Control Act
The theory of purchasing power parity suggests that, in the long-run, exchange rates are determined by ________
A) relative interest rate levels B) relative price levels C) the GDP values for the two countries D) the most significant monetary authorities, including the Federal Reserve, European Central Bank, Bank of England and the Bank of Japan