Refer to the table below. Corey's opportunity cost of making of a pizza is delivering: Pizzas MadePer HourPizzasDeliveredPer HourCorey126Pat1015
A. 2 pizzas.
B. 1/2 of a pizza.
C. 3/2 of a pizza.
D. 2/3 of a pizza.
Answer: B
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Suppose Starbucks currently charges $2.50 per cup for its latte
If Starbucks raises the price to $3.00 per cup, based on the demand curve in the figure above, its total revenue will ________ because the demand for Starbucks latte is ________ over this price range. A) increase; elastic B) decrease; elastic C) increase; inelastic D) increase; unit elastic E) not change; unit elastic
If a particular production process is subject to diminishing marginal returns to labor at every level of output, then at every level of output
A) AC is upward sloping. B) MC exceeds AVC. C) AFC is constant. D) All of the above.
The PDV of a perpetuity with a yearly payment of $500 at an interest rate of 5% is
A) $100. B) $5,000. C) $25,000. D) $10,000. E) $100,000.
Which of the following is an example of frictional unemployment?
A. Recent graduate looking for a job. B. A mother is searching for a job and the kid has gone to college C. New Yorker moved to California. (WA) D. Computer program who turned down a job offer expect better job. E. All