Refer to the table below. What is Crunchy Fruits total marginal cost to produce 11,750 units?
Crunchy Fruits makes dried fruit snacks. Crunchy Fruits has a multi-plant firm with two production facilities. The table above summarizes the marginal cost of production at the individual plants and the corresponding quantity produced at the individual plants.
A) $2.00
B) $2.25
C) $3.25
D) $1.25
B) $2.25
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Suppose that one-year treasury bills yield 8 percent in the United States and 6 percent in Japan. Investors will prefer to purchase the U.S. securities, unless they expect the dollar to __________ against the yen over the next year
A) depreciate by less than 2 percent B) depreciate by more than 2 percent C) appreciate by less than 2 percent D) appreciate by more than 2 percent
Suppose Woody's Cabinetmaking calculates the following information for each cabinet produced in a given month: P = $300; Q = 100; AFC = $10; AVC = $140 . Woody's total profit for that month is
a. $140 b. $150 c. $15,000 d. $30,000 e. impossible to determine
The Federal Reserve can succeed in reducing unemployment by increasing the money supply to stimulate spending. In which of the following scenarios would it most likely refrain from implementing that policy?
a. when there is a significant slowdown in the economy and the Federal Reserve does not want to cause a shock b. when the economy is close to full capacity and the Federal Reserve does not wish to risk causing inflation c. when unemployment is in the double digits and firms are resistant to hiring more workers d. when consumers seem resistant to spending because so many of them are out of work
What is voting with your feet?
What will be an ideal response?