Marginal Cost Analysis Graph
© Jarry1250 2010
Creative Commons Attribution-Share Alike 3.0 Unported
Trevor’s company makes fine chocolates. He has figured out how to maximize his profit What letter on the graph represents Trevor’s situation?
|Elemetary school teacher||$40,000|
|Construction project manager||$72,000|
Which of these is likely true, based on the charted data?
© 2013 FLVS
Given the data in the chart, which two countries enjoy an absolute advantage in oil production over the United States?
Merv’s Hardware, a small family-owned store in Middletown, sells a 100-pack of garnet sandpaper for $35. The Home Shoppe, a large retail hardware chain in neighboring Morristown, sells the same product for $29. Based on this scenario, what would you expect Merv’s immediate response to be?
Marcie wants to work as a freelance editor. She purchases a desk, computer, widescreen monitor, and ergonomic keyboard. What kind of resources are these?
Bill and his wife, Vickie, want to start a company that develops training sessions for corporate clients. They would like to share the decisions, have few start-up costs, and protect their personal assets. Which of these would suit their needs best?
In 2011, Cambodia had a GDP of $33.8 billion and a per capita GDP of $2,200. Nearly a third of its people lived below the poverty level, and average life expectancy was 62.5 years. Which of these additional factors would most support the conclusion that Cambodia is a developing economy rather than an emerging economy?
© 2013 FLVS
Given the data in the chart, which of the following statements is true?
To protect consumers from potentially dangerous manufactured goods, the U.S. government is most likely to use which kind of trade barrier?
© 2013 FLVS
Which of the following entities would most likely agree with Adam Smith’s statement?
© 2013 FLVS
Look at the graph. A bookstore owner increases the price of art books to $25. Which of these would occur?
© 2013 FLVS
In anticipation of a hurricane, demand for tortillas goes up. Oyama’s store produces tortillas. Based on the chart, how will Oyama respond to the new demand for tortillas?
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