Author Question: Using the above figure, of the prices below, which price enables a perfectly competitive firm to ... (Read 64 times)

K@ · **on:** Jun 29, 2018

Using the above figure, of the prices below, which price enables a perfectly competitive firm to earn the maximum economic profit?

A) 4 per unit.
B) 10 per unit.
C) 12 per unit.
D) 16 per unit.

Question 2

One of the largest categories of exports from the United States is now pop culture: movies, music, TV programming, and videos. A direct conclusion from this information is that, compared to other countries, the United States has

A) lower wages for producers of pop culture.
B) higher wages for producers of pop culture.
C) a higher opportunity cost of producing pop culture.
D) a lower opportunity cost of producing pop culture.