Use the above table and assume a fixed cost of $200. At an output of 4, ATC is
A. $200.
B. $225.
C. $250.
D. $400.
C. $250.
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In terms of the Phillips curve, the experience of the 1970s indicates that macro-policy
a. can permanently reduce unemployment if we are willing to tolerate higher inflation. b. can reduce unemployment in the long run if we are willing to tolerate higher inflation. c. may be able to reduce unemployment but cannot retard inflation. d. may be able to reduce unemployment in the short run, but there is little evidence that expansionary policies can reduce unemployment permanently.
If a local government eliminates the tax exemption on municipal bonds, we'd expect to see:
A. municipal bonds will become more attractive to investors. B. an increase in the yield on taxable bonds. C. a decrease in the gap in yields on taxable and tax-exempt bonds. D. a decrease in the yield on municipal bonds.
If the price of smoothies is $3.50 in the United States and the exchange rate is 110 yen per dollar, then what is the yen price of smoothies?
A. 110 yen B. 240 yen C. 318 yen D. 385 yen
For a perfectly competitive firm, the marginal revenue curve has ________ point(s) in common with the firm's demand curve.
A. no B. one C. all D. indeterminate from the given information