Suppose early one Friday morning the economics club buys 200 donuts at 25 cents each, and plans to sell all of them later in day on campus for 50 cents each.
Only 60 donuts are sold at 50 cents, however, and by early afternoon the club is seen trying to unload the remaining donuts for 10 cents each. What is the correct price of one of donut? A) 10 cents
B) 25 cents
C) 50 cents
D) Stated this way, the question is meaningless.
Question 2
The decrease in social surplus from a market distortion is referred to as:
A) deadweight loss.
B) market loss.
C) revenue loss.
D) Pareto loss.
The early hominin evolution
The cranium of early African H. erectus KNM-ER 3733 is nearly 1.8 million years old.
Another early evolutionary example of immunity When a red sponge and a blue sponge are blended ...
economics
Early growth of corn (Zea mays), a typical monocot.