Figure 10.6 shows prices, demands, and cost data for the only restaurant in a small town. What is its profit from senior customers under the senior discount policy of a $7 senior price and a $10 non-senior price?
A. $1,200
B. $1,500
C. $2,280
D. $2,560
Answer: B
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The marginal physical product of labor is
a. the slope of the total output curve at the relevant point. b. the negative of the slope of the total output curve at the relevant point. c. the slope of the line connecting the origin with the relevant point on the total output curve. d. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.
Country A's overall balance in the balance of payments:
a. Must equal zero. b. Is positive when a nation's central bank is buying domestic currency in the foreign exchange market and negative when it is selling the domestic currency in the foreign exchange market c. Is negative when a nation's central bank is buying domestic currency in the foreign exchange market and positive when it is selling the domestic currency in the foreign exchange market d. Is negative only when the current account is positive. e. Has little or no link to a nation's monetary base.
Your scholarship depends on your maintaining a 3.5 cumulative GPA. Your GPA for last semester was 3.6, which brought your cumulative GPA down. What must be true?
A. If this semester's grades are the same as last semester's, your overall GPA will stay the same. B. Last semester's grades were lower than your overall GPA. C. If this semester's grades are the same as last semester's, you might lose your scholarship. D. Last semester's grades were higher than your overall GPA.
Figure 17-13
In , if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, which area represents the amount of tariff revenue the United States government collects?
a.
a
b.
b
c.
c
d.
f
e.
e