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
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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
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
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
How well the group works together is called
a. dynamics b. cohesiveness c. conforming d. norming