Type multiple choice question bank id 74760 correct

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QUESTION:19TYPE:MULTIPLE CHOICE
[QUESTION BANK ID:74760]CORRECTThe U.S. Government bought 112,000 acres of land in southeastern Colorado in 1968 for $17,500,000. The cost of using this land today exclusively for the reintroduction of the black-tailed prairie dog<< HIDE ANSWERS
QUESTION:20[QUESTION BANK ID:106275]TYPE:MULTIPLE CHOICECORRECTIf the price of CD players decreases, what can we expect to happen in the market for compact discs?<< HIDE ANSWERS
QUESTION:21[QUESTION BANK ID:16483]TYPE:MULTIPLE CHOICECORRECT<< HIDE ANSWERS
QUESTION:22[QUESTION BANK ID:19731]TYPE:MULTIPLE CHOICECORRECTSmitty's Hot Boiled Peanuts recently reported that its revenue increased from the previous quarter along with its profits. What is the most likely explanation for this change if the only change Smitty’s made was in its price?<< HIDE ANSWERSAPrice decreased and demand was inelasticBPrice increased and demand was inelasticCDemand was unit elasticDPrice increased and demand was elastic
QUESTION:23[QUESTION BANK ID:48698]TYPE:MULTIPLE CHOICECORRECTIf a monopolistic firm (price searcher) can sell 9 units at a price of $100 each but must reduce its price to $80 in order to sell 10 units, then<< HIDE ANSWERS
QUESTION:24[QUESTION BANK ID:114664]TYPE:MULTIPLE CHOICECORRECTIn the long run, which of the following outcomes is most likely for a firm?<< HIDE ANSWERS
QUESTION:25[QUESTION BANK ID:40392]TYPE:MULTIPLE CHOICECORRECTYou run a small auto service shop. Your fixed expenses per week are $1,000 and your average customer invoice is $500 with an associated marginal cost of $300. What is your weekly breakeven quantity?<< HIDE ANSWERSA2 carsB3.33 carsC5 carsD10 carsPrivacy Policy| Terms of Use| System Requirements
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