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18 Wine Machines Brazil 30 10 Poland 10 10 8 03:05:34 The accompanying table gives maximum-output alternatives for Brazil and Poland. If the two nations
18 Wine Machines Brazil 30 10 Poland 10 10 8 03:05:34 The accompanying table gives maximum-output alternatives for Brazil and Poland. If the two nations open up trade with each other, then Multiple Choice Poland will import wine. O Brazil will import wine. O Poland should specialize in wine. O Brazil will not benefit from specialization and trade.Assume the price Ufa product sold by a pureiy competitive rm is $8. Given the data in the accompanying table, at what output {evel is total prot highest in the short run? \" Multiple Choice 0 45, 50. 35. 40. 000 A pure monopolist is producing an output such that ATE = $6, P: $8, MC = $4. MR = $5, and AVC = $3.50. This firm is realizing Multiple Choice 0 an economic loss that could be reduced by producing more output. on economic loss that could he reduced by producing less output 0 an economic prot that could be increased by producing more output 0 an economic prot that could be increased by producing less output. The greater the required reserve ratio. the Multiple Choice 0 higher is the spending multiplier. lower is the spending multiplier. . lower is the monetary multiplier. higher is the monetary multiplier. The following are national income account data for a hypothetical economy in billions of dollars gross private domestic investment ($320), imports ($40), exports ($22), personal consumption expenditures ($2,460), and government purchases ($470), What is GDP in this economy? Muluple Choice O 3,250 billion 3,272 billion 3,232 billion 0 0 3,294 billion 0 7 Answer the question on the basis of the following output data for a rm. Assume that the amounts of all nonlabor resources are fixed. Number of Workers Units of Output 2 03:18:57 The marginal product of the sixth worker is Multiple Choice 0 210 units of output. 25 units of output. 0 O 20 units ofoutput. (U 15 units of output
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