Refer to the data. At 6 units of output, total fixed cost is ____ and total cost is ____.
A. $25; $50
B. $50; $300
C. $100; $200
D. $150; $300
D. $150; $300
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Refer to the figure above. If the government fixes a minimum wage rate at $15, the unemployment in the market will be:
A) 20 units of labor B) 0 units of labor C) 10 units of labor D) 30 units of labor
A firm that holds a monopoly in both goods stands to gain from a tie-in sale
A) True. B) False. C) True, which is why anti-trust laws exist. D) False, there are no dual monopolies.
The business structure that allows for up to 100 shareholders and requires that the company be based in the United States is known as a
a. sole proprietorship b. general and limited partnership c. subchapter S corporation d. C corporation e. limited liability corporation or partnership
If your forecast of the local cash price for next July is $88.80/cwt, and predict that the basis with respect to the August futures will be $7.30/cwt in July. Then, the current August futures price is
A. $96.10/cwt B. $81.50/cwt C. $12.16/cwt D. not enough information provided