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Ex8222 - I guess that the circumference of the earth is...

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I guess that the circumference of the earth is about: 5,000 miles 10,000 miles 15,000 miles 25, 000 miles 30,000 miles 35,000 miles 45,000 miles 55,000 miles 65,000 miles 75,000 miles 2% 2% 4% 24% 4% 14% 13% 11% 15% 12% 1. 5,000 miles 2. 10,000 miles 3. 15,000 miles 4. 25, 000 miles 5. 30,000 miles 6. 35,000 miles 7. 45,000 miles 8. 55,000 miles 9. 65,000 miles 10. 75,000 miles
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The circumference of the earth is about: 5,000 miles 10,000 miles 15,000 miles 25, 000 miles 30,000 miles 35,000 miles 45,000 miles 55,000 miles 65,000 miles 75,000 miles 1% 0% 3% 59% 2% 4% 3% 3% 16% 9% 1. 5,000 miles 2. 10,000 miles 3. 15,000 miles 4. 25, 000 miles 5. 30,000 miles 6. 35,000 miles 7. 45,000 miles 8. 55,000 miles 9. 65,000 miles 10. 75,000 miles
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What is it really? 24,901 miles
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Firms in an industry have $500 fixed costs, variable costs of $20 per unit, and capacity of 50 units. In the long run there is free entry and exit. What is the long run equilibrium price? 13% 5% 79% 3% 1. $20 2. $50 3. $30 4. $25
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A competitive firm has fixed costs of $10,000, capacity of 1000 and variable costs of $5 per unit. In the short run if the price of the good falls from $15 to $7.50, the firm will ero nits nits. nits.
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