Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her total variable cost of producing four pizzas per hour is
A) $20.
B) $49.
C) $51.
D) $71.
E) Some amount, but more information is needed to determine this total variable cost.
C
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Refer to Table 18.1. Panama has a comparative advantage in
A) gloves. B) hats. C) both hats and gloves. D) neither hats nor gloves.
Education
A) does not really add to one's human capital. B) does not really affect one's income. C) is a major factor affecting one's income. D) explains all the differences in male-female incomes.
Shift to the left or right for supply: cost of input rise
What will be an ideal response?
Recall the Application about the short-run and long-run elasticity of supply of coffee to answer the following question(s). Recall the Application. In the long run, the supply curve for coffee is ________ and the elasticity of supply is ________ than in the short run.
A. steeper; larger B. steeper; smaller C. flatter; larger D. flatter; smaller