The above table shows the per day total cost for Kiley's Baseball Glove Company. Each glove is priced at 50 and Kiley's Baseball Glove Company is a perfectly competitive firm.
Between which two amounts of output does Kiley's Baseball Glove Company make an economic profit? A) 0 and 8
B) 1 and 8
C) 2 and 7
D) 3 and 6
Question 2
Which of the following is inconsistent with Robert Nozick's view of fairness as expressed in his book Anarchy, State, and Utopia?
A) Everything that is valuable must be owned by individuals and that the state must ensure that theft is prevented.
B) The only legitimate way a person can acquire property is to buy it.
C) The requirement that all people should have equal outcomes.
D) None of the above answers is correct because all the answers express thoughts consistent with Nozick's view.
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