Refer to the table shown. If the output of bicycles is 4 per week, the average cost of producing each bicycle is:Output(bicycles per week)Total cost (dollars)110022003310444055806730790081,200
A. $140.
B. $100.
C. $110.
D. $120.
Answer: C
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If Happy Feet chooses to No Ad, Best Nails should ________ and earn ________ million in net profit.
Happy Feet wants to prevent Best Nails from entering the nail salon market. The above game tree illustrates the different strategies and corresponding payoffs for the two firms. Both Happy Feet and Best Nails have the same strategies of advertising (Ad) or not advertising (No Ad). The payoffs represent net profit in millions.
A) Ad; $2 B) No Ad; $3 C) No Ad; $4 D) Ad; $3
From a bank's point of view, its deposits are liabilities
a. True b. False Indicate whether the statement is true or false
It is often reported by financial news reports that higher interest rates reduce automobile sales. If this is true, we can expect
a. fiscal policy to be more effective. b. both fiscal and monetary policy to be more effective. c. monetary policy to be more effective. d. neither fiscal nor monetary policy to be more effective.
Which of the following would cause the equilibrium price of apple juice to decrease and the equilibrium quantity of apple juice to increase?
A) a decrease in the price of apples B) an increase in the price of apples C) an increase in the price of orange juice, a substitute for apple juice D) a decrease in the price of granola bars, a complement for apple juice