A business cycle has two turning points, which are the A) recession and trough. B) peak and ...

Author Question: A business cycle has two turning points, which are the A) recession and trough. B) peak and ... (Read 152 times)

2125004343

Hero Member
Posts: 566

on: Jun 29, 2018

A business cycle has two turning points, which are the

A) recession and trough.
B) peak and recession.
C) trough and peak.
D) expansion and recession.
E) peak and expansion.

Question 2

Refer to the table above. If the rental price of machines is 40 per day, up to how many machines should the firm rent to maximize profits?

A) 2
B) 4
C) 6
D) 7

Missbam101

Sr. Member
Posts: 341

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

D

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