If the dollar-euro exchange rate on June 30, 2010, is $1.225 per euro, then the euro-dollar exchange rate would be:
a. $2.45 per dollar.
b. $0.816 per dollar.
c. $1.225 per dollar.
d. $1 per dollar.
Ans: b. $0.816 per dollar.
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A monopoly will set price
a. at the highest price along its demand curve. b. equal to the value at which marginal cost intersects the demand curve. c. so that it can sell the quantity at which marginal revenue is equal to marginal cost. d. so that it can sell the quantity at which marginal revenue is equal to zero.
An idea concerning production that eventually takes the form of a new applied technology is
a. the scientific method b. robots c. increasing cost of new technology d. innovation e. human capital
Suppose the market consists of 3 individuals: Citizen A, Citizen B and Citizen C. 
If the good shown on the graphs is a public good, and the marginal cost of providing each unit is constant and equal to $5, then what is the optimal quantity of the public good?
A. 50 units B. 30 units C. 20 units D. 40 units
Refer to the information provided in Figure 8.6 below to answer the question(s) that follow. 
Figure 8.6 Refer to Figure 8.6. The vertical distance AB is Outdoor Equipment's
A. total cost. B. average fixed cost. C. marginal cost. D. total fixed cost.