Fleming College

A firm produces and sells lemonade at a beach. It is the only firm that supplies lemonade to this area. It finds that it has different demand functions for sunny days and cloudy days. On sunny days, the demand function is Qds=50-2P and marginal revenue is MRs=50-4P. On cloudy days, the demand function is Qdc=20-2P and marginal revenue is MRc=20-4P. The firm pays $3 per glass of lemonade in supplies (such as sugar, water, and lemons). ​ During which period will this firm make more total revenue? sunny days we lack sufficient information to determine this it will not make profit on either days cloudy day

The price of coffee has dropped, meaning that two things have happened: 1) consumers already purchasing coffee are better off 2) more people are able to purchase coffee ​ The result is: An increase in consumer surplus due to 1) gains from marginal consumers and 2) gains to inframarginal consumers, respectively An increase in producer surplus due to 1) gains from marginal firms and 2) gains to inframarginal firms, respectively A decrease in consumer surplus due to 1) gains from marginal consumers and 2) gains to inframarginal consumers, respectively An increase in consumer surplus due to 1) gains from inframarginal consumers and 2) gains to marginal consumers, respectively

Question 43 Canada and India are an example of a free trade agreement. Group of answer choices True False

Question 42 EU is a free trade agreement just like CUSMA. Group of answer choices True False

Question 41 outbound transportation typically controlled by the purchasing department. Group of answer choices True False

Question 39 A straight bill of lading is. Group of answer choices a negotiable often used for water mode of transport it can be endorsed usually used for truck and is non-negotiable Question 40 Good transported by truck between the United States and Canada usually use which terms of trade? Group of answer choices FOB under UCC FOB under ICC and UCC FOB under ICC