Each firm in the egg industry (competitive) produces 15 million eggs per year. Each egg has an average cost of $0.02 and they sell an egg for $0.06 . The marginal cost of a string is
a. $0.02
b. $0.06
c. $0.04
d. not enough information provided.
b
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Using equal amounts resources, country a can produce either 30 tons of mangoes or 10 tons of bananas, and country b can produce either 10 tons of mangoes/bananas. Which of the following is consisted w/ the info above
An asset's interest rate risk ________ as the duration of the asset ________
A) increases; decreases B) decreases; decreases C) decreases; increases D) remains constant; increases
Referring to a bank's t-account, equity refers to
A) the difference between total assets and total liabilities. B) the sum of total assets and total liabilities. C) the ratio of the total assets and total liabilities. D) none of the above.
For which of the following commodities are consumers usually willing to pay a premium to save time?
a. Microwave oven b. A new production facility c. Stocks of a company d. Residential property