In economics, which of the following is considered as financial capital?
a. Offices and warehouses
b. Stocks and bonds
c. Machinery
d. Factories
e. Equipment
b
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Marge's Beauty Salon sells shampoo and conditioner. Marge has two types of customers. Their willingness-to-pay for shampoo and conditioner are given in the table below
If Marge bundles the shampoo and conditioner, could she increase revenue? Shampoo Conditioner Type I 8 5 Type II 6 8
For which of the following would the income effect of a price change be greatest?
a. ballpoint pens b. air travel to Australia c. chewing gum d. haircuts e. college textbooks
Generally, if a nation imposes a tariff on imports,
A. part of the tax is paid by foreign exporters. B. the entire tax is paid by foreign exporters. C. none of the tax is paid by foreign exporters. D. the tax has no impact on the profits of foreign exporters.
Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. Figure 7.10Refer to Figure 7.10. If this firm's cost of capital is $10 per unit and its cost of labor is $5 per unit, the isocost line represents a total cost of
A. $1,000. B. $2,000. C. $3,000. D. $4,000.