11. The prots of a business are maximized when a. Total revenue=tota| oosts b. Marginal revenue = marginal cost c. Unit labour costs = marginal cost d. Average total cost = marginal cost 12. The marginal revenue curve for a monopoly a. Slopes upward to the right from origin b. Is perfectly horizontal .cloudr'contentmanagerlAssignmentList.do Agincourt International AcademyIOntario International Institute - c. Slopes downward to the right inside the Demand curve d. Is the exact same as the demand curve 13. The unemployment rate is calculated as: a. The number of unemployed people expressed as a percent of the whole population b. The number of unemployed as a percent of the total number of employed persons c. The number of unemployed people as a percent of the labour force d. The increase in the number of persons who are seeking work 14. What does the Lorenz curve visually represent? a. The relationship between price and unemployment b. The long run relationship between output and unemployment c. The degree of income equality or inequality that exists between different groups of a population of same size d. The marginal product of labour 15. Which of the following is NOT true about banks? Banks prot primarily by making loans Banks only keep a fraction of the deposits made by their members in reserve Banks \"create\" money All of the above are true F-PP'!\