Carmelita can perform either a combination of 35 manicures and 70 pedicures or a combination of 50 manicures and 45 pedicures. If she now performs 35 manicures and 70 pedicures, what is the opportunity cost of performing an additional 15 manicures?
A) 5 pedicures B) 20 pedicures C) 25 pedicures D) 45 pedicures
C
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An unexpected fall in the Purchasing Managers' Index should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
One impact of a rise in the dollar's value is that
A) imports become cheaper for the U.S. consumer. B) exports will increase sharply. C) U.S. goods will become cheaper overseas. D) U.S. goods are cheaper domestically.
Refer to Figure 5.2. On the graph that shows total costs, what is the level of variable costs when 6 units are produced?
A. $400 B. $100 C. $500 D. $50
The soft drink (colas in particular) industry can be best modeled using the model of
A. monopolistic competition. B. perfect competition. C. monopoly. D. oligopoly.