Table 10.2Table 10.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its total profit under the student discount policy?
A. $450
B. $550
C. $600
D. $650
Answer: B
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Assume that the reserve requirement is 25 percent and that the amount of checkable deposits in Federal Bank is $200 . If the bank has loaned out $120, then the bank's excess reserves must equal:
a. $0. b. $25. c. $30. d. $80. e. $225.
The U.S. dollar is the most important reserve currency in the world
a. True b. False Indicate whether the statement is true or false
Iceland can produce 32 units of food per person per year or 8 units of clothing per person per year, but Lavaland can produce 16 units of food per year or 8 units of clothing. Which of the following is true? a. Iceland has both a comparative and absolute advantage in producing food
b. Iceland has a comparative advantage, but not an absolute advantage in producing food. c. Lavaland has both a comparative and absolute advantage in producing clothing. d. Lavaland has both a comparative and absolute advantage in producing food.
When Jamie, a U.S. citizen, purchases a wool jacket made in Ireland, the purchase is
a. both a U.S. and Irish import. b. a U.S. import and an Irish export. c. a U.S. export and an Irish import. d. neither an export nor an import for either country.