The figure above shows the U.S. demand and U.S. supply curves for cherries. At a world price of $2 per pound once international trade occurs, the production of cherries in the United States will equal
A) 200,000 pounds.
B) 400,000 pounds.
C) 600,000 pounds.
D) 800,000 pounds.
E) 0 pounds.
C
Economics
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Which of the following would an economist consider to be investment?
A. Boeing building a new factory. B. Oprah buying a $10 million home from a fellow celebrity. C. A stockbroker buying 10,000 shares of Starbucks stock. D. All of these.
Economics
Refer to Table 3.2, which shows some costs and benefits of having your car repaired. Suppose you use your car to deliver pizzas. If you earn $10 per hour delivering pizzas, what is the net benefit of 3 hours of car repairs?
A. $875
B. $1540
C. $905
D. There is not enough information to determine the net benefits.
Economics