Refer to the figure above. If the monopolist faces a constant marginal cost of $2, what is the optimal quantity that it should produce?
A) 20 units
B) 40 units
C) 45 units
D) 80 units
B
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Rate of return regulation sets the price at a level that enables the regulated firm to earn a specified target percent return on its
A) total cost. B) sales revenue. C) capital. D) variable cost.
In which of the following contracts is the agent's payment unaffected by his performance?
A) fixed-fee contract B) hire contract C) contingent contract D) sharing contract
The following table gives the index of prices farmers paid in three different years. The price farmers received in year 1, the base year, for a certain agricultural product was $4.00 per bushel. Compute the parity price of the product in years 2 and 3
and enter them in the table. Compute the parity ratio and enter it into the table.
In considering euros and dollars, the rates of exchange for the euro and the dollar:
A. are directly related. B. are inversely related. C. are unrelated. D. move in the same direction.