In the above figure, what is the efficient quantity of pretzels to produce each day?
A) one hundred
B) two hundred
C) three hundred
D) four hundred
C
You might also like to view...
What is meant by the term "human capital"?
What will be an ideal response?
Samara's income is $30 a month and she spends all of it on music downloads and gasoline. The price of a music download is $3 and the price of a gallon of gasoline is $3
At Samara's best affordable point, her marginal rate of substitution is ________ gallon of gasoline per music download. A) 0.5 B) 1 C) 1.5 D) More information is needed to determine the marginal rate of substitution.
Which of the following caused the supply curve for HD televisions to shift to the right?
a. the falling prices of component parts b. the increasing prices of shipping parts c. old, outdated factories d. lack of technological advances
Suppose a monopoly sells to two identifiably different types of customers, A and B, who are unable to practice arbitrage. The inverse demand curve for group A is PA = 10 - QA, and the inverse demand curve for group B is PB = 18 - QB. The monopolist is able to produce the good for either type of customer at a constant marginal cost of 2, and the monopolist has no fixed costs. If the monopoly uses
uniform pricing, the deadweight loss is 36. If the monopolist is able to practice group price discrimination, the deadweight loss is A) 30. B) 32. C) 34. D) 36.