The above table shows production points on Sweet-Tooth Land's production possibilities frontier. What is the opportunity cost of one chocolate bar if Sweet-tooth Land moves from point C to point D?
A) 30 cans of cola per chocolate bar
B) 10 cans of cola per chocolate bar
C) 3 cans of cola per chocolate bar
D) 1/3 can of cola per chocolate bar
C
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Refer to Figure 9.9. At free trade, domestic producer surplus would be
A) $2,500. B) $50,000. C) $1,250,000. D) $2,500,000. E) $20,000,000.
The market structure of monopoly exists when
A. there are many producers of differentiated products. B. there are a small number of interdependent firms that constitute the entire market. C. there are many producers of a homogeneous product. D. there is a single producer of a product.
All of the following are characteristics of stock except
A) stock does not represent a promise to repay a fixed amount of funds. B) dividends paid to owners of stock represent a firm's profits. C) stock promises to repay a fixed amount to of funds to stock owners. D) stock represents ownership in a firm.
If you study 3 hours for an exam, you can raise your score by 30 points. If you study for another 3 hours your score increases by 10 points. And if you study for another 3 hours, your score will increase by 5 more points
A graph displaying this relationship between the number of hours studied and your total exam score would show A) a positive linear relationship B) an upward-sloping curve that becomes less stee