The figure above shows the U.S. demand and U.S. supply curves for cherries. Suppose the world price of cherries is $2 per pound. At this price, U.S. consumption of cherries will equal
A) 200,000 pounds.
B) 400,000 pounds.
C) 600,000 pounds.
D) 800,000 pounds.
E) 0 pounds.
A
Economics
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Refer to the table above. What is the firm's marginal cost when it produces 155 units of the good?
A) $0.66 B) $1 C) $1.33 D) $1.50
Economics
Under a system of floating exchange rates, a surplus in a currency will lead to a(n)
A. long-term surplus of that currency. B. depreciation of that currency. C. appreciation of that currency. D. long-term shortage of that currency.
Economics