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Author Question: A business cycle has two turning points, which are the A) recession and trough. B) peak and ... (Read 154 times)

2125004343

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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

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

C

Answer to Question 2

D


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