Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.75 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) 36,000
C) 32,500
D) 27,000
A) 32,000
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If stock prices are expected to drop dramatically, then, other things equal, the demand for stocks will ________ and that of Treasury bills will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
A fundamental principle in demand analysis is that a change in price leads to
A. a complementary movement on the supply curve. B. a movement along the demand curve. C. a rightward shift of the demand curve. D. a leftward shift of the demand curve.
If demand is unit elastic, then
A. the unit change in quantity demanded equals the unit change in price. B. a ten percent increase in price leads to a one percent decrease in quantity demanded. C. an increase in price of any amount leads to quantity demanded falling to zero. D. a two percent increase in price leads to a two percent decrease in quantity demanded.
In the United States, doctors and hospitals that provide most health care are
A) 100 percent employed by the government. B) primarily private firms. C) split evenly between private firms and employed by the government. D) primarily employed by the government.