Brittany provides manicures at the only salon in town. Her marginal cost is constant at $5 per client, her fixed cost is $25 per day, and she is able to do 8 manicures per day. On a given day, half of her clients are willing to pay $15 for a manicure; half are willing to pay only $10 . If she charges all of her clients $10, then her maximum daily profit equals
a. $80
b. $15
c. $40
d. $55
e. $50
B
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Which of the following situations will cause the supply of British pounds to rise in the foreign exchange market?
a. The price level in the United States rises faster than the price level in the United Kingdom. b. The real GDP in the United States grows while the real GDP in the United Kingdom remains constant. c. The interest rate in the United Kingdom falls while the interest rate in the United States remains constant. d. The tax rate in the United States rises while the tax rate in the United Kingdom does not change.
Adjusting monetary growth based on previous changes in nominal GDP
A) is relatively easy for the Fed to undertake because the implementation lag is quitelong. B) could be destabilizing because of the uncertainty of the length of impact lags. C) is an effective policy because it allows the Fed to influence future macroeconomic performance. D) raises the price level proportionately.
The opportunity cost of attending a class at? 11:00 a.m. will likely differ from the opportunity cost of attending a class at? 8:00 a.m. because
What will be an ideal response?
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The firm is currently along isocost CD. If the price of capital is $25, then the price of labor is
A. $1. B. $25. C. $80. D. indeterminate from the information given.