In the figure above, if the output is 180 tons per month, what is the marginal social cost of producing the pesticide?
A) $60
B) $30
C) $40
D) $50
A
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If the dollars-per-euro spot rate is 0.7750 and the 3 month forward rate is 0.7800, what is the amount of the standard forward discount or premium?
A) 2.58% B) 2.56% C) 7.69% D) 7.74%
If a monopolist raises its price
A) it raises the barriers to entry. B) the quantity demanded increases. C) the quantity demanded remains the same. D) the quantity demanded decreases.
Suppose the market demand function for ice cream is Qd = 10 - 2P and the market supply function for ice cream is Qs = 4P - 2, both measured in millions of gallons of ice cream per year. Suppose the government imposes a $0.50 tax on each gallon of ice cream. The price paid by buyers with the tax is:
A. $2.00. C. $2.50. D. $2.25.
If the seasonally unadjusted unemployment rate rises from December to January, you
A. can be assured that the seasonally adjusted rate has fallen. B. know that the seasonally adjusted rate remained the same. C. have no knowledge as to what will have happened to the seasonally adjusted rate. D. can be assured that the seasonally adjusted rate has risen as well.