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
