The equilibrium price in a market occurs where the:
A) market demand and the firms' average cost curves intersect.
B) market supply and the firms' average cost curves intersect.
C) market demand and the market supply curves intersect.
D) market supply and the firms' revenue curves intersect.
Question 2
Refer to the scenario above. If you lend 30,000 to your friend for 30 years, you will receive ________ when he repays the amount after 30 years.
A) 552,604.62
B) 523,482.07
C) 1,521,725.58
D) 3,620,025.01
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