举一反三
- Which of the following describes comparative advantage? A: To produce a bushel of wheat Farmer John must give up 2 bushels of corn whereas Farmer Ben must give up 3 bushels of corn. B: Company A can produce 4 boxes of cereal in a day whereas Company B can produce 5 boxes of cereal in a day. C: Firm A can produce a good at a cost of $3 and Firm B can produce the good at a cost of $4. D: Jane can type 50 words per minute and Joe can type 60 words per minute.
- Suppose that corn farmers want to increase their total revenue. Knowing that the demand for corn is inelastic, corn farmers should A: plant more corn so that they would be able to sell more each year. B: increase spending on fertilizer in an attempt to produce more corn on the acres they farm. C: reduce the number of acres on which they plant corn. D: contribute to a fund that promotes technological advances in corn production.
- If the market price of salmon is $8.99 per pound but the government will not allow salmon farmers to charge more than $4.99 per pound of salmon, which of the following will happen?
- Which of the following statements is NOT true about corn A: Corn is a kind of vegetable. B: Corn can be stored for a long time. C: Corn can be used to make alcohol. D: Corn is probably even more popular than potatoes all
- Which of the following would increase the supply of corn? A: a decrease in the price of wheat B: an increase in the price of pesticides C: a severe drought in the corn belt D: a decrease in the demand for corn E: a fall in the price of corn
内容
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中国大学MOOC: Businesses are more willing to sell a product when the price _____ and less willing to sell it when prices _____.
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At a price of $25, a store can sell 28 picture frames a day. If the price falls to $20, the store can sell 35 picture frames a day. Using the initial-value method, the price elasticity of demand is:
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Division Big does have excess capacity to produce Product XX. The division can sell Product XX for $10 per unit outside the company. Variable costs are $6 per unit. Division Small wants to purchase Product XX from Division Big to use in Product ZZ. The selling price of Product ZZ is $25 per unit and variable costs to finish the product after the transfer are $12 per unit. An outside supplier will sell Product XX for $12. What is the minimum transfer price for Division Big?
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When more people wish to buy than to sell, the price __________ rise.
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Initial Investment Cash flowProject A $35 million $14 million per year for four yearsProject B $21 million $7 million per year for five years Project C $14 million $7 million per year for four years Project D $21 million $10.5 million per year for three years An investor has a budget of $35 million. He can invest in the projects shown above. If the cost of capital is 8%, what investment or investments should he make? A: Project A B: Project B C: Project B and Project C D: Project C and Project D