If a marginal cost pricing rule is imposed on the firm in the figure above, the price will be
A) $5 per unit.
B) $25 per unit.
C) $40 per unit.
D) $20 per unit.
A
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One source of the supply of dollars in the foreign exchange market is
A) U.S. companies importing foreign goods. B) foreign citizens buying U.S. goods. C) SDRs being converted into dollars. D) the U.S. Mint buying dollars from the Bank of England.
In general, educating workers:
A. does not make them more productive. B. increases overall economic growth. C. contributes little to other capabilities. D. forces them to leave their native country.
An underground economy:
a. is a market where transaction occurs under the ground. b. is a market where the buyers and sellers make transactions without the government’s approval. c. is a market where the buyers and sellers make transactions with the government’s approval. d. is a market that is international in scope and fully authorized to conduct business.
Currency and checkable deposits are
A. debts of the Federal Reserve Banks or of financial institutions. B. the major components of the M3 definition of the money supply. C. of intrinsic value that determines the relative worth of money. D. redeemable for gold and silver from the Federal Reserve System.