Suppose it takes Dan 5 minutes to make a sandwich and 15 minutes to make a smoothie, and it takes Tracy 6 minutes to make a sandwich and 12 minutes to make a smoothie. What is the opportunity cost to Dan of making a sandwich?
A. 1/3 of a smoothie
B. 5 smoothies
C. 3 smoothies
D. 15 smoothies
Answer: A
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Consider the monopolist depicted in the figure above. The profit maximizing level of output for a single-price monopolist is
A) 7. B) 11. C) 13. D) 22.
Since half of the FICA tax is paid by firms and the other half is paid by workers, the burden of the tax must fall equally on firms and workers
a. True b. False Indicate whether the statement is true or false
Consider the monopoly in the figure below with price regulated at $20 per unit. Monopoly profits at the regulated price are: 
A. $100. B. $1,350. C. $200. D. There is insufficient information to determine the monopoly profits.
When Italy buys Boeing jets, the price Italy pays is ________ if it produced its own jets, and the price Boeing receives is ________ than it could receive from an additional U.S. buyer
A) lower than; higher B) higher than; higher C) the same as; higher D) lower than; lower E) higher than; lower