Suppose a firm in a perfectly competitive market increases its output by 30 percent. As a result, the price of its output is likely to

Table 16-3Tommy’s Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy’s is able to engage in perfect price discrimination. ​ Costs Quantity  Total   Marginal Produced   Cost          Cost (Units)  (Dollars) (Dollars) Revenues Quantity                        Price                                      Total    Marginal  Demanded                                                                 Revenue   Revenue (Units)                 (Dollars per unit)                        (Dollars)   (Dollars) 0 100 – 0 170     1 140   1 160     2 184   2 150     3 230   3 140     4 280   4 130     5 335   5 120     6 395   6 110     7 475   7 100     8 575   8 95     ​ ​ ​Refer to Table 16-3. If the monopolist can engage in perfect price discrimination, what is the total revenue when 3 ties are sold?

Table 18-5The table shows the town of Driveaway’s demand schedule for gasoline. Assume the town’s gasoline seller(s) incurs a cost of $2 for each gallon sold, with no fixed cost. ​ Quantity (Gallons) Price (Dollars per gallon) Total Revenue (Dollars) 0 8 0 50 7 350 100 6 600 150 5 750 200 4 800 250 3 750 300 2 600 350 1 350 400 0 0 ​ ​Refer to Table 18-5. Suppose we observe that the price of a gallon of gasoline in Driveaway is $5; we observe as well that a particular seller’s profit is $150. Given this observation, which of the following scenarios is most likely?

Which of the following is not a key feature of monopolistic competition?

Colorectal cancer is the third most common cancer and cause of cancer related death in the United States. Which one of the following statements is true concerning colorectal cancer?

A 32-year-old man with a recent history of intravenous drug use presents to your clinic with malaise, nausea, fatigue and “yellow eyes” for the past 7 to 8 days.  Which of the following diagnostic tests would confirm the diagnosis of hepatitis B?

Paul, tu es fatigué. Passe-moi________________________________.

A merger is when one company purchases another company.

A patient is diagnosed with fibrotic liver disease; a liver biopsy reveals cirrhosis. Which of the following symptoms is NOT a common early symptom of cirrhosis?

A process at the company has two stages. The probability of defective components being produced in stage 1 is 5% and it is 8% in stage 2. Assembled units with defective components only from stage 1 or stage 2 are considered repairable. Items that have defective components from both stage 1 and stage 2 (completely defective) must be scrapped. Use a probability tree diagram and calculate the probability that the assembled units are defective in stage 1 and are not defective in stage 2 (called Repairable I).