In an economy it costs $1,500 to produce 2,000 units of output. If the costs increase to $2,500, then the per unit cost of production will have increased from:
A. $0.75 to $1.25
B. $0.75 to $1.00
C. $1.33 to $1.75
D. $0.80 to $1.33
A. $0.75 to $1.25
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The ability of a commercial bank to increase the money supply is limited by the
A) availability of eligible borrowers and the bank's reserves in relation to legal reserve requirements. B) demand of the public for liquidity. C) eligibility of the bank for currency drafts and its ratio of M2 to M1. D) willingness of customers to withdraw currency for circulation.
What is the central bank of the United States and what functions does it perform?
What will be an ideal response?
The Federal Reserve considers any business with less than __________ employees to be "small."
A) 10 B) 100 C) 500 D) 1500
Product differentiation always exists in
A. oligopoly. B. monopolistic competition. C. perfect competition. D. monopoly.