Suppose Campus Books, a profit-maximizing firm, is the only supplier of the textbook for a given class. The marginal cost of supplying each book is constant and equal to $10, and Campus Books has no fixed costs. The table below shows the reservation prices of the eight students enrolled in the class.StudentReservation Price($/Book)Q60R54S48T42U36V30W30X30 What price will Campus Books charge if it must charge a single price to all of its customers?
A. $36
B. $24
C. $10
D. $18
Answer: A
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Refer to Table 20-14. The real average hourly earnings for 1965 in 1982-1984 dollars equal
A) $1.28. B) $6.49. C) $8.28. D) $15.45.
The effects of increased inflationary expectations is depicted in a(n)
a. upward shift in the investment curve b. downward shift in the investment curve c. upward shift in the consumption curve d. downward shift in the consumption curve e. move to the right along an existing consumption curve
When there is no cyclical unemployment, the overall rate of unemployment is ____ percent.
Fill in the blank(s) with the appropriate word(s).
If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $12,000 to purchase those identical goods in 2015, then the inflation rate from 2006 to 2007 is
A. (100-83.3)/100*100%=16.7%. B. (100-100)/100*100%=0%. C. (120-100)/100*100%=20%. D. unknown given this data.