Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.25 per unit, what is the profit-maximizing quantity for Sweet Grams to produce at Plant 2?



Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.



A) 32,000

B) 30,100

C) 27,000

D) 22,500


C) 27,000

Economics

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The United States switched from being a ________ to being a ________ in the early 1980s, when it started to run large current account ________

A) net lender; net borrower; deficits B) net borrower; net lender; deficits C) net borrower; net lender; surpluses D) debtor nation; creditor nation; deficits E) net lender; net borrower; surpluses

Economics

Refer to the information below. If the firms compete, what is the equilibrium quantity in the market?

A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 - 5P. Each firm's marginal cost (MC) and average total cost (ATC) curves are horizontal at $10,000 per month. A) 45,000 B) 500,000 C) 450,000 D) 50,000

Economics

If a person had increasing marginal utility, then the decline in utility from losing $1,000 would be greater than the increase in utility from gaining $1,000

a. True b. False Indicate whether the statement is true or false

Economics

How well the group works together is called

a. dynamics b. cohesiveness c. conforming d. norming

Economics