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Author Question: Given the total cost and total revenue curves in the figure above, what is the profit-maximizing ... (Read 79 times)

storky111

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on: Jun 29, 2018
Given the total cost and total revenue curves in the figure above, what is the profit-maximizing output level?
 
  A) 30,000 bushels
  B) 60,000 bushels
  C) 80,000 bushels
  D) All output levels occur between 30,000 and 80,000 bushels are profit-maximizing output levels.

Question 2

The higher the nominal interest rate, the
 
  A) greater the opportunity cost of holding money.
  B) lower the quantity of money demanded.
  C) more the demand for money curve shifts leftward.
  D) Both answers A and B are correct.


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raili21

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

B

Answer to Question 2

D


storky111

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

covalentbond

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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