The figure above shows the marginal revenue, marginal cost, and demand curves for an airline offering daily flights between Los Angeles and Toronto
If the airline is regulated using a marginal cost pricing rule ________ flights will be offered each month at a price of ________ per flight. A) 200; $300
B) 200; $100
C) 300; $200
D) 400; $100
D
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The real value of money ________ as the price level falls
A) decreases B) remains the same C) increases D) none of the above
If the MRP per dollar is greater for labor than that for tools, a producer should spend more money on labor than originally planned and less on tools. How long can he continue this switch in spending? Why?
Deficit rises in a recession and falls in a boom, even with no change in fiscal policy.
Answer the following statement true (T) or false (F)
Refer to the data provided in Table 11.1 below to answer the following question(s).
Table 11.1 
Refer to Table 11.1. If the interest rate is 20%, Nashbar Bicycle's total investment would be
A. $0. B. $100,000. C. $500,000. D. $700,000.