A family on a trip budgets $800 for sit-down restaurant meals and fast food. The family can buy 16 restaurant meals if they don't buy any fast food. What is the price of a restaurant meal for the family?
a. $5
b. $16
c. $20
d. $50
e. it is impossible to tell from the information given
D
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The specific case that led to the partial breakdown of the use of the rule of reason by the Supreme Court was the ________ case.
a. American Tobacco b. ALCOA c. U.S. Steel d. IBM
In the above figure, what is the efficient quantity of pretzels to produce each day?
A) one hundred B) two hundred C) three hundred D) four hundred
In 1977, he pioneered the concept of selling new public issues of junk bonds for companies that had not yet achieved investment-grade status
A) Michael Milken B) Roger Milliken C) Ivan Boesky D) Carl Icahn
In a market where one unit of labor produces one unit of output, consumers prefer
A) a competitive labor market and a monopoly output market. B) a competitive output market and a monopoly labor market. C) a monopoly output market and a monopoly labor market. D) None of the above—they are indifferent between A and B.