If average movie attendance is 250 million when prices are $9 a ticket and 200 million when prices are $11 a ticket, the elasticity of demand for movie tickets is about:
A. 1.1.
B. 0.0.
C. 1.8.
D. 0.9.
Answer: A
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A) why B) what C) where D) for whom E) how
A firm's marginal cost is $82, its average total cost is $50, and its output is 800 units. Its total cost of producing 801 units is
A) less than $40,000. B) between $40,000 and $40,050. C) between $40,050 and $40,080. D) greater than $40,080.
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A. Land resources B. Capital resources C. Labor resources D. Natural resources