Which of the following would be considered an ongoing expense?
A. Employee salaries
B. Raw materials
C. Advertising
D. All of these could be considered ongoing expenses.
D. All of these could be considered ongoing expenses.
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An increase in ________ tends to increase ________ and therefore increase ________
A) cost; price; supply B) cost; demand; price C) demand; price; cost D) supply; cost; price
In the long run, more costs become fixed
Answer the following statement true (T) or false (F)
The key to a successful positive signal is that:
A. it is costly to fake. B. it is hidden information. C. it builds trust between the principal and the agent. D. All of these statements are true.
Setting price equal to marginal cost in a natural monopoly will lead to
A. excess profits for the firm. B. losses for the firm. C. zero profits for the firm. D. One cannot tell without further information.