If the price is $110 per unit, what is the break even amount of units for technology B?
a. 20
b. 25
c. 30
d. None-They would have to shut down
b
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Which of the following changes would not shift the demand curve for a good or service?
a. a change in income b. a change in the price of the good or service c. a change in expectations about the future price of the good or service d. a change in the price of a related good or service
An increase in the supply of wheat in the United States is most likely to result from:
a. A decrease in the amount of subsidies that wheat farmers receive from the government b. An increase in the cost of machinery for harvesting wheat c. An increase in the price of wheat d. A change in farming technology that improves the soil for wheat
The question below are based on the following four sets of data-pairs: (1) A and B, (2) C and D, (3) E and F, and (4) G and H. In each set, the independent variable is in the left column and the dependent variable is in the right column
The vertical intercept is 12 in which of the above data sets?
A. 1
B. 2
C. 3
D. 4
Refer to Scenario 16.1 below to answer the question(s) that follow. SCENARIO 16.1: The marginal benefit for a particular food is described by MB = 30 - q, where q refers to the quantity of the food. The marginal cost of producing the food is described by MC = 2q. There is a negative externality associated with food production and the marginal social cost of food production is MSC = 4q.Refer to Scenario 16.1. The efficient output level is ________ and the efficient price is ________.
A. 4.29 units of food; $25.71 B. 0 units of food; $0 C. 10 units of food; $20 D. 6 units of food; $24