For the cost function C(Q) = 75 + 4Q + 2Q2, the marginal cost of producing 5 units of output is:
A. 4.
B. 20.
C. 54.
D. 24.
Answer: D
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A. What is the World Trade Organization?
b. When was it established? c. How many countries are members of the World Trade Organization? What will be an ideal response?
A relatively steep LM curve implies that wide fluctuations in the goods sector cause
A) wide fluctuations in real output. B) wide fluctuations in the price level. C) wide fluctuations in the interest rate. D) crowding out of private investment.
In 2011, the largest dollar volume of imports for the U.S. came from
a. consumer goods. b. industrial supplies. c. petroleum. d. automobiles.
The real exchange rate is the:
A. rate at which two currencies can be traded for each other. B. nominal exchange rate adjusted for domestic inflation. C. price of the average domestic good or service relative to the price of the average foreign good or service, when prices are expressed in terms of a common currency. D. quantity of foreign currency assets held by a government for the purpose of purchasing the domestic currency in the foreign exchange market.