The figure above shows the supply curve for soda. The market price is $1.00 per soda. The marginal cost of the 10,000th soda is
A) $0.00.
B) $0.50.
C) $1.00.
D) more than $0.50 and less than $1.00.
E) None of the above answers is correct.
B
Economics
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If there is a decrease in world oil prices and the Fed wishes to maintain output stability, what should it do?
a. Buy bonds in the open market. b. All the economy to adjust itself. c. Sell bonds in the open market. d. Impose higher taxes to counteract the supply shock. e. Lower taxes to maintain output.
Economics
Which statement concerning monopolistic competition is false?
A. In the long run P = AC > MC B. Firms may experience losses in the short run C. Firms differentiate their products, but the products are relatively substitute D. Firms may experience positive economic profits in the long run
Economics