If a firm sells 10 units of output at $100 per unit and 11 units of output when price is reduced to $99, its marginal revenue for the last unit sold is
A) $11.
B) $99.
C) $109.
D) $89.
D
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Use the figure below to answer the following question.
By how much does Producer Surplus decrease after the tax is imposed?
A. $114 B. $162 C. $38 D. $62
A supermarket sells you a pound of coffee on the condition that you buy a gallon of milk. This is an example of
a. Bundling b. Tie in Sale c. Price Discounting d. Both a and b
It has been argued that state-subsidized ____ programs have benefited the poor more than middle and upper-income quintiles
a. Medicaid b. higher education c. art museum d. airport and airline subsidy
Example of structural unemployment?
A. Factory worker temporally laid off during a recession. B. Recent Graduates C. A mother chooses to stay with child instead of working. D. Unskilled worker can't get hired because the minimum wage is too high. E. A retired person living off her saving.