Figure 17-9
Refer to . The size of the tariff on carnations is
a.
$8 per dozen.
b.
$6 per dozen.
c.
$4 per dozen.
d.
$2 per dozen.
d
Economics
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Suppose that Dave has $200 to spend per week and he buys only magazines and pizza. The price of a pizza is $10 and the price of a magazine is $5. What is the maximum amount of pizza Dave can buy each week?
A) 40 B) 20 C) 200 D) 60
Economics
A perfectly competitive firm maximizes its profits by producing the amount of output such that
A) MR = P. B) MR = MC. C) P = AVC. D) P = ATC.
Economics