In the above figure, total revenue for this profit-maximizing ...

[dbose]

In the above figure, total revenue for this profit-maximizing monopolistically competitive firm is
 
  A) 50,000.
  B) 91,000.
  C) 96,000.
  D) 100,000.

Question 2

If the production of capital goods is shown along the horizontal axis of a production possibilities curve, and the production of consumer goods is shown along the vertical axis of a production possibilities curve, and the economy desires to have a
 
  rapid rate of economic growth, then the economy should produce at a point A) near the middle of the curve dividing resources equally between the production of consumer and capital goods.
  B) at a point near the vertical axis concentrating on the production of consumer goods.
  C) at a point near the horizontal axis concentrating on the production of capital goods.
  D) at a point inside the curve allowing the economy to adjust rapidly to changes in economic activity.

[Madisongo23]

Answer to Question 1

D

Answer to Question 2

C

[dbose]

Excellent

[CAPTAINAMERICA]

TYSM