Using the table, what is the minimum price that Fred is willing to accept to supply 400 slices of pizza per month?
A) $3.50
B) $2.50
C) $3
D) $4
A
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In the long run, if the demand curve of a monopolistically competitive firm is tangent to its average total cost curve then
A) the firm would earn an economic profit. B) the firm would earn enough revenue to cover its variable costs, but not its fixed costs. C) the firm would break even. D) the firm would shut down temporarily.
More than 70 percent of national income can be attributed to:
a. compensation of employees. b. rental income. c. corporate profit. d. net interest. e. proprietors' income.
Which of the following is NOT one of the Fed's monetary policy tools?
A) the required reserve ratio B) the income tax rate C) buying and selling U.S. government securities D) the discount rate
Consider Figure 12.5. If player A and Player B could cooperate, then:
A. A would spend 8 years in jail and B would spend 0 years in jail. B. A would spend 0 years in jail and B would spend 8 years in jail. C. A would spend 4 years in jail and B would spend 4 years in jail. D. A would spend 1 year in jail and B would spend 1 year in jail.