Refer to Scenario 10.7. How many ink pads will be produced to maximize revenue?
A) 0
B) 250
C) 300
D) 500
E) none of the above
D
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Stanley receives the following marginal utilities from the first four car washes that he buys each year, respectively: 20, 15, 10, and 5 . If each car wash sells for $10, then the marginal utility per dollar spent on the third car wash is
a. 10 b. 4.5 c. 1 d. 45 e. 5
The unemployment rate is the:
A. number of workers in the labor force. B. number of workers unemployed. C. percentage of the labor force that is out of work. D. percentage of the population that is out of work.
According to Judge Learned Hand, a _____% share of the market is enough to constitute a monopoly.
A. 33 B. 50 C. 64 D. 90
Suppose the economy is at full employment and firms become more optimistic about the future profitability of new investment. Which of the following will happen in the short run?
A) Output will decline. B) Prices will decline. C) Unemployment will decline. D) The aggregate demand curve will shift to the left.