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If Will’s Print Shop competes in a perfectly competitive market and he charges $10 per printing job, what is the marginal revenue of his 3rd print job?
a) $3.33
b) $10.00
c) $30.00
d) Between $10.00 and $30.00
If Mara’s Puzzle Factory is operating at a quantity in which the marginal revenue from the last puzzle produced is $20, marginal cost is $15, and average total cost is $10. What should Mara do to maximize profits?
a) Leave her production exactly where it is because she is clearly earning a profit.
b) Decrease her production of puzzles.
c) Increase her production of puzzles.
d) Shut down her business because it is losing money.
Macroeconomic analysis is concerned with: The demand curve for a product would shift to the left if: The cost of a purchase or action measured in item of its foregone alternative is? Suppose the economy is experiencing inflation. Which of the followi..
Evaluate the relative importance of economies of scale and comparative advantage in causing the following.
Take a minute to think about the demand for college education and whether or not the costs of attending college (not just tuition, but also some of the opportunity costs associated with attendance) influences the number of students who attend college..
What was the absolute amount of increase in real income? - Make your calculations of the percentage change in real income and the absolute change in real income using the approximation formula and using the more precise method with index numbers.
Gator Fabrics Inc. currently has zero debt (i.e., wd = 0). It is a zero growth company, and additional firm data are shown below. Now the company is considering using some debt, moving to the new capital structure indicated below. If this plan were c..
Sam musso is planning to retire in 15 years. he can deposit money at 8% compounded quarterly. What deposit must he make at the end of each quarter until he retires so that he can make a withdrawal of $45,000 semiannually over five years after his ret..
From 1970 to 1983, corporations expanded impressively in number, receipts, and assets. In numbers and receipts, at least, the picture is dominated by firms with assets no more than one million dollars. If the proportion of output produced by large fi..
q1. 1. herzberg concluded that pay was not a motivator. if you were paid to get better grades would you be motivated to
If Starbucks demand and supplies for premium coffee (one-pound bag) are in equilibrium and demand rises substantially. Illustrate what will happen if this market moves to new equilibrium.
Pick any public company and discuss which 2 or 3 macroeconomic indicators which would most profoundly affect that business and why.
There are three individuals in a community that is deciding whether to unveil a statue of Elvis. Individual 1 would receive a net benefit of 25 if the statue were unveiled. Individual 2's net benefit would also be positive and would be 20. What will ..
Bribes: Two players find themselves in a legal battle over a patent. The patent is worth 20 to each player, so the winner would receive 20 and the loser 0. Given the norms of the country, it is common to bribe the judge hearing a case.
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