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PiMaster314 PiMaster314
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Posts: 423
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5 years ago

Question 1.

On a preference map, higher indifference curves represent higher levels of total utility.



▸ true

▸ false

Question 2.

The Wax Works sells 500 candles at a price of $10 per candle. The Wax Worksʹ total economic costs for producing 500 candles are $2,000. The Wax Worksʹ economic profit is



▸ $2,000.

▸ $3,000.

▸ $5,000.

▸ indeterminate from this information.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 256 times
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rinderbikrinderbik
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#1
Posts: 391
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5 years ago
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PiMaster314 Author
wrote...
#2
5 years ago
Thank you, thank you, thank you!
wrote...
#3
4 years ago
thank you
wrote...
#4
3 years ago
Thank you!
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