A firm increases output from 4 to 6 units per week. As it does its total costsrise from €1200 to €1600. The firms Marginal Cost is:(a) €200;(b) €150;(c) €300;(d) Zero.A18. If a country has a comparative advantage in producing shirts, which one of thefollowing is true?(a) The country produces shirts more efficiently (i.e. using less resources)than other countries.(b) The country produces shirts at a lower opportunity cost than othercountries.(c) The country produces shirts more inefficiently (using more resources)than other countries.(d) The country produces shirts at a higher opportunity cost than othercountries.A19. If in May 2008 €1 = £ 0.7941 St, a good costing £28 St would have a Euro priceof:(a) 35.57;(b) 35.37;(c) 35.26;(d) 35.55.A20. Which of the following EU countries is NOT currently in the Euro Zone?(a) Greece;(b) Austria;(c) Denmark;(d) Each of the above is not participating.

Consider the case of multinational production where Romania is specializing in the production of components and France is specializing in R&D. An increase in the world price of components will Group of answer choices benefit French consumers decrease the output of French firms increase unemployment in Romania increase the output of French firms

When two countries with different opportunity costs engage in trade based on comparative advantage, the result is:  A. Both countries experiencing increased production and consumption  B. Both countries producing only goods they have an absolute advantage in  C. Both countries experiencing decreased production  D. Both countries producing the same goods

As the quantity produced increasesthe cost of per unit production decreases.Select one:a.Product Differentiationb.Capital Requirementsc.Government Regulationsd.Economies of Scale

Suppose that opportunity costs in India and Thailand are constant. In India, maximum feasible hourly production rates are either 0.3 unit of cloth or 0.2 unit of food. In Thailand, maximum feasible hourly production rates are either 0.5 unit of cloth or 0.5 unit of food. It is correct to state thatSelect one:A.India has no comparative advantage in producing cloth or wheat.B.India has a comparative advantage in producing both cloth and wheat.C.Thailand has a comparative advantage in producing cloth.D.India has a comparative advantage in producing cloth.

When a firm produces 50 000 units of output, its total cost equals $6.5 million. When it increases its production to 70 000 units of output, its total cost increases to $9.4 million. Within this range, the marginal cost of an additional unit of output is ________.