Refer to the table above. What is the firm's marginal cost when it produces 155 units of the good?
A) $0.66
B) $1
C) $1.33
D) $1.50
B
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The Statement of Cash Flows lists:
a. Operating, Investing, and Financing Activity b. Assets, Liabilities, and Owner's Equity c. Income, Expenses, and Liabilities d. Gains, Losses, and Net Income
According to Coase, firms emerge when
a. transaction costs in the market are less than the cost of hierarchical control b. transaction costs in the market are more than the cost of hierarchical control c. prices in the market are less than the cost of hierarchical control d. prices in the market are more than the cost of hierarchical control e. implicit contracts in the market can be made explicit in a firm
If the Fed wants to lower the interest rate, it will
a. buy bonds and decrease the money supply. b. buy bonds and increase the money supply. c. sell bonds and decrease the money supply. d. sell bonds and increase the money supply. e. sell bonds and decrease money demand.
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.