Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine. One of the demand curves below represents the private demand for the vaccine and the other represents the social demand for the vaccine.
The private market equilibrium quantity is ________ doses per day.
A. 75
B. 100
C. 125
D. 50
Answer: A
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Refer to the scenario above. The net present value of the investment in Plan 4 is equal to:
A) -$8,001. B) -$556. C) -$791. D) -$3,737.
The supply of stock
A) comes from new issues. B) comes from current shareholders. C) comes from new shares and current stockholders. D) comes from new shares, current stockholders, and the Federal Reserve.
Marginal profit is the addition to a firm's total profit from a
a. $1 change in its price. b. one-unit change in its output. c. reduction in total cost. d. reduction in marginal cost.
OPEC has coordinated a reduction in supply that was
a. effective in insulating the members from the decrease in demand in the late 2000s. b. more profitable in the long run than in the short run. c. profitable in both the short run and the long run. d. more profitable in the short run than in the long run.