Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit if output is $15, what is this firm's profit-maximizing level of output? 
A. 60
B. 45
C. 80
D. 0
Answer: A
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The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is $1.50, Cathy's marginal utility per dollar from the 4th Mt. Dew is ________ units per dollar
A) 15 B) 10 C) 82.5 D) 22.5
The market demand function for wheat is Qd = 10 - 2P and the market supply function is Qs = 4P - 2, both measured in billions of bushels per year. Suppose the government wants to increase the price of wheat to $3/bushel and they impose a price floor to achieve their goal. What is the size of the aggregate surplus?
A. $4 billion B. $8 billion C. $10 billion D. $12 billion
If monetary policy must be used to set the market equilibrium value of the exchange rate equal to the official value, it:
A. will increase the rate of growth in the economy. B. will be unable to stabilize the market equilibrium value of the exchange rate. C. will simultaneously stabilize the domestic economy. D. is no longer available to stabilize the domestic economy.
One problem with revenue-based incentive schemes is they do NOT provide an incentive to:
A. maximize productivity. B. minimize costs. C. maximize sales. D. maximize profit.