Gooey Flakes Is the Only Ready-To-Eat Cereal That Has Chocolate

question 132

Multiple Choice

Gooey Flakes is the only ready-to-eat cereal that has chocolate syrup injected into each flake.The machine that injects the syrup into the flakes can do nothing else.Which of the following is true?

• A)All of the machine's earnings are economic rent.
• B)All of the machine's earnings are opportunity cost.
• C)The supply curve for this machine is horizontal.
• D)The demand curve for this machine is horizontal.
• E)The demand curve for this machine is vertical.

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Definitions:

Swiss Francs

The currency of Switzerland and Liechtenstein, known by the ISO code CHF, and recognized for its stability and reliability.

Demand for Swiss Francs

The desire or need by individuals or institutions to acquire Swiss Francs, often influenced by factors such as investment opportunities and economic stability.

Foreign Exchange Rate

The price at which one currency can be exchanged for another currency, determined in global currency markets.

Swiss Francs

The currency used by Switzerland, recognized by its code CHF.