Refer to Figure 3-4. At a price of $25, how many units will be supplied?
A) 400 B) 500 C) 600 D) 800
D
Economics
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In the 1911 Standard Oil case, the U.S. Supreme Court found Standard Oil:
A. Guilty of tax evasion for merger activity B. Not guilty of tax evasion for merger activity C. Guilty of monopolizing the petroleum industry D. Not guilty of monopolizing the petroleum industry
Economics
Which of the following would be a private cost to a cigarette smoker?
A. Cost to the employer of the higher health insurance premiums due to the hiring of a smoker. B. Cost to the employer of the extra effort lost due to the increased missed days of work as a result of smoking. C. Cost to the city of extra park cleanup due to the presence of cigarette butts. D. Price of the pack of cigarettes.
Economics