Refer to the table below. What is the profit-maximizing number of resort units for Gorgeous Sands Resort during the peak period?
The table above summarizes Gorgeous Sands Resort's marginal capacity cost, marginal operating cost, peak marginal revenue, off-peak marginal revenue, and its peak and off-peak demand for its resort units.
A) 350
B) 300
C) 250
D) 200
B) 300
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In the late 1800s, the Goodyear welt process vastly increased productivity in the ______ industry
a. steel b. boot and shoe c. tire d. cotton textiles
The practice of buying a foreign currency with one currency then reselling it to buy yet another currency
a. creates disequilibrium in the foreign exchange market b. is illegal in the U.S. c. is arbitrage d. is impossible because the foreign exchange market creates general equilibrium among exchange rates e. leads to mutually inconsistent exchange rates
Andre decides that he would pay as much as $3,000 for a new laptop computer. He buys the computer and realizes consumer surplus of $700 . How much did Andre pay for his computer?
a. $700 b. $2,300 c. $3,000 d. $3,700
The price of borrowing is known as the:
A. equilibrium price. B. transaction cost. C. interest rate. D. None of these is true.