At its profit-maximizing output, the firm in the above figure ...

[Brittanyd9008]

At its profit-maximizing output, the firm in the above figure incurs a total cost of production of
 
  A) 7,000.
  B) 9,000.
  C) 6,300.
  D) 3,900.

Question 2

The adverse effects of rent controls include
 
  A) keeping rental rates too high in a normal market.
  B) excessive construction of new rental housing.
  C) reduced incentive to construct new rental housing.
  D) increased incentives for people to purchase their own homes.

[smrerig]

Answer to Question 1

A

Answer to Question 2

C

[Brittanyd9008]

Thanks for the timely response, appreciate it

[diana chang]

Great answer, keep it coming