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1) Total spending on final goods and services is called: Select one O

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1) Total spending on final goods and services is called: Select one O .a. labor productivity O .b. planned aggregate supply O .c. labor income .d. planned aggregate expenditure 
 

2) K2,000 _T 1,600 1,200 O Z`') o. 800 400 
MC 
ATC 
0 90 130 170 210 Quantity (tons per day) 
The figure above shows the costs for a grower in the perfectly competitive turnip market. If the price is $1,000 for a ton of turnips, the firm is 
Select one: 0 a. making zero economic profit. 0 b. incurring an economic loss. 0 c. More information is needed to determine if the firm is making a positive economic profit, zero economic profit, or incurring an economic loss. 0 d. making an economic profit.