Refer to Figure 9.8. In order to eliminate international trade in sugar altogether, this country would have to impose a quota of
A) 0 tons.
B) 200 tons.
C) 300 tons.
D) 350 tons.
E) 500 tons.
A
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The above figure shows the reaction functions for two pizza shops in a small isolated town. The Stackelberg leader will produce
A) 25 pizzas. B) 50 pizzas. C) 66.7 pizzas. D) 100 pizzas.
The unemployment rate measures the percentage of:
a. people in the civilian labor force who are without jobs and actively seeking jobs. b. the U.S. population that is out of work and actively seeking a job. c. the civilian noninstitutionalized population that is out of work and actively seeking a job. d. people over age 21 who are without jobs and actively seeking jobs.
If a monopolist can price discriminate among buyers, it will charge buyers with more elastic demands a higher price.
Answer the following statement true (T) or false (F)
A share of an oil company can be worth $10 with a probability of 0.50 and $20 with a probability of 0.50. What is the standard deviation of the price of this share?
A) 3 B) 5 C) 6 D) 8.5