Refer to the table below. If Just Juice is producing the profit-maximizing total quantity, what is the profit -maximizing price for Just Juice to charge per bottle?
Just Juice produces whole fruit juice that it sells in single bottles. Just Juice is a multi-plant firm with market power. The above table summarizes the total marginal cost of production at various output levels in Just Juice's two plants with the corresponding marginal revenue (dollars per bottle) and market demand (price per bottle).
A) $4.50
B) $4.00
C) $2.00
D) $3.50
B) $4.00
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One reason larger governments might be preferable to smaller ones is _____
a. diminishing marginal utility b. intergovernmental competition c. economies of scale d. the flypaper effect
Prior to World War II,
a. the growth of real GDP was more stable than has been the case since the war. b. the growth of real GDP was less stable than has been the case since the war. c. unemployment seldom exceeded 4 percent of the labor force. d. double-digit swings in real GDP during a single year were unheard of.
Merchandise trade deficit
What will be an ideal response?
Refer to Figure 3.4. What is the marginal cost of the 15th hour spent on this activity?
A. $80
B. $5.33
C. $2.66
D. $4.00