How important is one’s economic position compared to other criteria (e.g., race, gender, life style) in determine ranking in a community?
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There has been discussion about whether the Tax Cuts and Jobs Act actually reduces deficits and what will happen to U.S. debt. What do you think? Watch this video: U.S. Deficit to Surpass $1 Trillio
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the marginal revenue curve of a monopoly crosses its marginal cost curve at $30 per unit, and an output of 2 million units. The price that consumers are willing and able to pay for this output is $40 per unit. Ifit produces this output, the firm’s average total cost is $43 per unit, and its average fixed cost is $8 per unit.What is the profit maximizing output? What are the firm’s economic profits?

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