What is the level of profits when four units are produced?

a. 40
b. 70
c. -30
d. 20

d

Economics

You might also like to view...

Refer to the figure above. The economy is currently at E. Which of the following is likely to happen if a recession hits the economy? Assume that wages are downwardly rigid

A) The labor market equilibrium will move from E to F. B) The labor market equilibrium will move from E to D. C) The labor market equilibrium will move from E to G. D) The labor market equilibrium will move from E to H.

Economics

This graph shows three different budget constraints: A, B, and C.If Don has budget constraint C in the graph shown, what is the trade-off he faces in terms of the two goods?

A. Three cases of soda for every four and a half gallons of milk B. One case of soda for every one and a half gallons of milk C. Two cases of soda for every three gallons of milk D. All of these accurately reflect Don's tradeoff.

Economics