Refer to the table below. What is the profit-maximizing quantity for Just Juice to produce at Plant 1?
Just Juice produces whole fruit juice that it sells in single bottles. Just Juice is a multi-plant firm with market power. The above table summarizes the total marginal cost of production at various output levels in Just Juice's two plants with the corresponding marginal revenue (dollars per bottle) and market demand (price per bottle).
A) 350
B) 530
C) 500
D) 425
D) 425
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Combining commercial banking and investment banking in the same organization produces a risk for that organization
A) that must be above that of investment banking. B) that is the same as investment banking, the riskier of the two activities. C) somewhere in between the risk of the two activities. D) that may be below that of commercial banking.
Economists are sharply divided over how to best fight the Great Recession. The majority of economists favor the "Stimulus Solution," which involves
A. Relying on the invisible hand of the market to set things right B. Government actions to increase the total demand for output in the economy C. Making prices become more flexible so that equilibrium can be attained once more D. Stimulus from abroad through international trade and treaties