Herbie inc., a firm manufacturing sandwich makers, has fixed costs of $250,000, variable costs of $20 per unit of output, and expected unit sales of 50,000 units. what is the unit cost of a sandwich maker manufactured by herbie?

A form of market structure studied by economists is monopoly. when is a firm aâ monopoly, or are monopolies only theoretical concepts that do notâ exist?

Employers will not consider community service and volunteerism as relevant to a paid job. True False

Because it increases producer surplus at the expense of consumer surplus b. because it does not produce some output for which demand exceeds supply c. because it appropriates a portion of consumer surplus for itself d.

Which are employed by a service firm and assigned to work at a business or an organization

Despite trade restrictions, international business is a. struggling for survival. b. decreasing. c. slowing down. d. moving slowly. e. growing.

Why do people keep money in transaction accounts?

Advanced Printing Systems is a firm in a monopolistically competitive market. If its marginal cost is $18 per unit in the short run, if it is maximizing profits, and if it is selling at the equilibrium quantity, what is its marginal revenue?

Consider a simple economy that produces two goods: pens and oranges. The following table shows the prices and quantities of the goods over a three-year period.

Which of these would be a result of inflation? A business reports a loss for a tax year. A CEO pays less in taxes than five years ago. A company scales back production. A company increases production as a result of growing demand.

Which of the following would be the best example of a total institution? a. a mental hospital b. a private university c. a parochial school d. a baseball team