If the Palace Cinema can sell 200 tickets at $4 and 300 tickets at $3, our best estimate of the marginal revenue from sale of the 250th ticket is

A) $4.
B) $3.50.
C) $3.
D) $1.


D

Economics

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The above table gives the total cost schedule for oil changes at the local Jiffy Lube

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Economics

Consider a market in which there is an external cost. A tax can be used to arrive at the efficient market equilibrium because the tax will

A) decrease supply of the good. B) increase supply of the good. C) decrease demand for the good. D) increase demand for the good.

Economics

Which of the following is not a cost of inflation identified by economists?

a. menu costs associated with more frequent adjustment of prices b. confusion and inconvenience resulting from a changing value of the unit of account c. reduced price flexibility d. arbitrary redistributions of wealth associated with dollar-denominated debts

Economics

Expansionary monetary policy involves actions that:

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Economics