How much is this firm's ATC?
$37.90
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Other things constant, a higher price for corn tends to increase
A) the supply of corn. B) the quantity supplied of corn. C) the demand for corn. D) the quantity demanded for corn.
The efficient markets hypothesis implies that future changes in exchange rates should for all practical purposes be
A) unpredictable. B) set by each country. C) increasing. D) pegged to a standard such as the U.S. dollar or the Euro.
Suppose a farmer is a price taker for soybean sales with cost functions given by TC = .1q2 + 2q + 30 MC = .2q + 2 If P = 6 the profit-maximizing level of profits is
a. 10 b. 20 c. 30 d. ?10
If a monopolist increases quantity by one unit, _____
a. the monopolist's marginal revenue will fall b. the price of all units will increase c. the marginal revenue of selling the last unit will be more than its price d. the marginal revenue curve will rise above the demand curve