Your weekly budget for gasoline and movie rentals is 45.00. Referring to the figure above, what is ...

Your weekly budget for gasoline and movie rentals is 45.00. Referring to the figure above, what is the price per movie rental?
 
  A) 2.00
  B) 2.25
  C) 2.50
  D) 3.00

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Ques. 2

In Zealand, banks' desired reserve ratio is 20 percent and the currency drain also equals 20 percent. The money multiplier equals ________.
 
  A) 2.18
  B) 3.33
  C) 5.0
  D) 3.0

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Ques. 3

In order to be able to price discriminate and maximize profit, a monopolist must be able to do all of the following EXCEPT
 
  A) identify and separate different buyer types.
  B) sell a product that cannot be resold.
  C) identify competitors.
  D) determine the output where marginal revenue equals marginal cost.

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Ques. 4

Although the efficient quantity to produce of any good is located where marginal social benefit and marginal social cost are equal, there will usually be other quantities where the sum of consumer and producer surplus are greater.
 
  Indicate whether the statement is true or false

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Ques. 5

A change in technology that shifts the firm's total product curve upward without changing the quantity of capital used
 
  A) shifts the average total cost curve upward.
  B) shifts the average total cost curve downward.
  C) does not change the cost curves.
  D) shifts the marginal cost curve upward.

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Ques. 6

Using the above figure, the efficient amount of paper produced is
 
  A) 60 million tons.
  B) 80 million tons.
  C) 100 million tons.
  D) 120 million tons.