Figure 10-6 ​

question 165

Multiple Choice

Figure 10-6
​
-At its long-run equilibrium level of output, the demand curve facing an individual perfectly competitive firm is tangent to its

• A)total economic profit curve.
• B)long-run average cost curve.
• C)marginal cost curve.
• D)marginal profit curve.

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Definitions:

Domestic Investment

Financial investments within a country's borders in the form of business expansions, new construction, and purchases of machinery and equipment.

National Saving

National saving is the total amount of savings generated within a country, typically calculated as the sum of private and public saving.

Net Capital Outflow

The contrast between the investments made by citizens in foreign assets and those made by non-citizens in the nation's assets.

Domestic Investment

The commitment of resources by a country to invest in capital within its own borders.