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Author Question: The federal government debt as a percentage of GDP fell A) from 1980-1992. B) from 2002-2007. ... (Read 131 times)

Jipu 123

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on: Jun 29, 2018
The federal government debt as a percentage of GDP fell
 
  A) from 1980-1992.
  B) from 2002-2007.
  C) during the Great Depression.
  D) during World War I and World War II.
  E) from 1998-2001.

Question 2

Comment on the following statement: Firms should maximize the difference between marginal revenue and marginal cost.
 
  What will be an ideal response?


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chreslie

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Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

The statement is false. Firms should maximize profit, which is the difference between total revenue and total cost. At the profit-maximizing level of output, marginal revenue is equal to marginal cost.


Jipu 123

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

abro1885

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Reply 3 on: Yesterday
Excellent

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