What is the opportunity cost of going from point E to point D?
5 CAT scans
You might also like to view...
Answer the next question on the basis of the following data faced by a perfectly competitive firm.OutputMarginal RevenueMarginal Cost0----1$16$102169316134161751621If the firm's minimum average variable cost is $10, the firm's profit-maximizing level of output would be
A. 2. B. 3. C. 4. D. 5.
If makers of snake anti-venom implement significant price increases, it is unlikely to significantly affect the use of anti-venom for treating poisonous snakebites. The demand for anti-venom is: a. elastic
b. inelastic. c. unit elastic. d. unit inelastic.
All else constant, if butter and margarine are substitute goods, then as the price of butter rises,
a. the demand for margarine will fall b. the quantity of butter demanded will fall c. the demand for butter will fall d. the demand for butter will rise e. butter and margarine will become complementary goods, provided that butter is a normal good
To expand the money supply, the Fed should
A. sell U.S. government securities. B. buy U.S. government securities. C. cut taxes. D. raise the required reserve ration.