Refer to the table below. What is the profit-maximizing quantity for Just Juice to produce at Plant 2?
Just Juice produces whole fruit juice that it sells in single bottles. Just Juice is a multi-plant firm with market power. The above table summarizes the total marginal cost of production at various output levels in Just Juice's two plants with the corresponding marginal revenue (dollars per bottle) and market demand (price per bottle).
A) 425
B) 450
C) 530
D) 600
C) 530
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If 11 workers can produce 53 units of output while 12 workers can produce 56 units of output, what is the marginal product of the 12th worker?
A) 0.16 B) 3 C) 4.67 D) 36
According to Keynes, in deciding whether to increase or decrease planned investment, businesses will be guided primarily by
a. the rate of interest. b. past profits. c. the size of government spending. d. expected profits.
The difference between M1 and M2 is given by
The substitution effect of a price change is the change in consumption that results from the movement to a new indifference curve
a. True b. False Indicate whether the statement is true or false