Use the above table and assume a fixed cost of $200. At an output of 1, MC is



A. 0.

B. $100.

C. $200.

D. $300.


C. $200.

Economics

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Compared to the 1948 – 1973 period, the period from 1973 to 1995 can be characterized as a period of

A. faster real GDP growth. B. faster labor productivity growth. C. slower labor productivity growth. D. lower labor force growth.

Economics

A firm is experiencing theft problems at its warehouse. A consultant to the firm believes that the dollar loss from theft each week (T) depends on the number of security guards (G) and on the unemployment rate in the county where the warehouse is located (U measured as a percent). In order to test this hypothesis, the consultant estimated the regression equation T = a + bG + cU and obtained the following results: Based on the above information, hiring one more guard per week will decrease the losses due to theft at the warehouse by ________ per week.

A. $130 B. $480.92 C. $211 D. $5,150

Economics

Horatio can produce either a combination of 15 bird houses and 25 wind chimes or a combination of 30 bird houses and 15 wind chimes. If he now produces 30 bird houses and 15 wind chimes, what is the opportunity cost of producing an additional 10 wind

chimes? A) 2 bird houses B) 15 bird houses C) 30 bird houses D) 45 bird houses

Economics

A research project is conducted by offering a randomly selected 300 of the 500 local Toyota Prius owners a chance to use a new fuel additive for 6 months to see if their gas mileage improves. 225 of the 300 randomly selected Prius owners agree to the offer, 50 of those drop out of the project after 1 month, another 50 drop out after 2 months, and 25 more drop out after 3 months. The rest remain for the duration of the project. Using the intention to treat method, the results from how many of the Prius owners who were not selected to be a part of the project should be included in the research project?

A. 100 B. 200 C. 325 D. 400

Economics