Exhibit 4-7 Demand and supply schedules for movie tickets
Price
QuantityDemanded
QuantitySupplied
$10
200
500
    8
240
470
    6
370
420
    4
390
390
    2
410
310
In Exhibit 4-7, a 100 unit decrease in quantity demanded at every price level would cause the new equilibrium price to become:

Given the information in the table above, Foreign's opportunity cost of cloth is

A) 0.5. B) 2.0. C) 6.0. D) 1.5. E) 3.0.

Food Fanatics caters meals where their cost of producing an extra meal is $25 . Each of their meals is standard and sells for $20 . At this rate what should the company do?

a. Produce more meals and increase their profit b. Produce fewer meals and increase their profit c. Not change production d. None of the above