Use the following table to answer the question below. Jake's Production Possibilities ScheduleJane's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn01600801012020602080404030406020400800Who has the comparative advantage in the production of green beans?
A. Jake
B. Jane
C. Both
D. Neither
Answer: B
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Ron's Hamburger Joint is the only restaurant in town. The above figure represents Ron's cost, the market demand, and marginal revenue curves. Ron operates as a single-price monopoly
a. How many hamburgers does Ron produce? b. What price does Ron charge for a hamburger? c. What is Ron's total revenue? d. What is his total cost? e. What is Ron's economic profit?
Referring to the Production Possibilities Frontiers in Figure 1.11 A and B, which depicts generalized growth when there is increasing opportunity cost? 
Figure 1.11
A. Fig. A B. Fig. B C. Either A or B is correct D. Neither A nor B are correct
If the interest rate is 5 percent, what is the present value of $10 received one year from now?
A. $9.77 B. $10.05 C. $9.50 D. $9.52
How much is the unemployment rate at point Q?
