Jim's Burgers produces 600 burgers per week. Each burger sells for $3 . Goody Candy orders 500 burgers for its upcoming office party from Jim's Burgers. Jim decided to accept the order for $1250 lump sum. What would be the marginal revenue per burger for this order?
a. $3
b. $2.50
c. $0.50
d. It cannot be determined with the information given
b
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Health care that actually harms the patient, such as an adverse reaction to a prescription drug is called
a. morbidity-related response. b. defensive medicine. c. adverse selection. d. iatrogenic disease. e. moral hazard.
Computing capacity has approximately:
A. doubled every two years since the invention of computers. B. tripled every two years since the invention of computers. C. doubled every five years since the invention of computers. D. tripled every three years since the invention of computers.
A good would not be very suitable to use as money if it
a. is portable because it is needed as a store of value b. is divisible because each unit of money should have the same value c. is scarce because we need more money as the economy grows d. is commonly accepted as a medium of exchange because everyone will hoard it e. lacks uniformity because the money supply would be of varying quality and people will hoard the preferred money and circulate only the less preferred
Recall the Application about the Fed's policy of quantitative easing to answer the following question(s). Recall the Application. The Fed's goal of this policy was to ________ the prices of government bonds and mortgage securities and ________ the interest rates on both bonds and mortgages.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease