8 Percentage of Income 8 0 2D 40 60 SD 100 Percentage of Households In 2010, what percentage of households in this economy earned 20 percent of the income? 0 '10 percent 0 20 percent 0 40 percent 0 60 percent 0 30 percent Price MC AC M P, N P2 AR P. G MR Q2 Quantity (units) What does the area formed by points G, M, and the intersection of MC and AR represent? O The firm's total revenue at the profit-maximizing quantity O The firm's profit at the profit-maximizing quantity O The firm's total cost at the profit-maximizing quantity The deadweight loss in the market because of the monopoly O The firm's missed revenue if it charges less than the profit-maximizing price1 Long Run Amp Total Costs Where on the graph would nns be experiencing diseeanomies of scale? ' 0 Between A and B ' 0 Point B ' 0 Between B and C ' 0 Between C and D l 0 Beyond D Goodall GoodB Which of the following conclusions mayr be drawn from the PPC above? ' 0 Consumers value Good B twice as much as Good A. ' 0 Good B is more expensive for consumers than Good A. ' O Producers in this economy should specialize in Good B. ' 0 There is an increasing opportunity cost for producing more of either good. I 0 Every unit of Goch costs 1 unit of Good B to produce. Mugiml Product Based on the chart above, if the product sells at a price of $0.50 per unit, what is the marginal revenue product of the second unit of labor? O$10 O$15 O$30 0 $50 0 Indeterminate