Which of these is an example of a controllable factor for a firm that sells pizzas
a. The price of the pizza
b. The delivery rates of the pizza
c. The quality of the wings sold by the street vendor across the street
d. Both A & B
a
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The most prevalent form of business enterprise in the U.S. is the
a. sole proprietorship. b. partnership. c. corporation. d. cooperative.
Which of the following is a criterion by which Gordon judges the desirability of any given level of actual real GDP?
A) Actual real GDP is too low if it causes the unemployment rate to be higher than necessary. B) Actual real GDP is too high if it strains a nation's ability to produce and puts upward pressure on the inflation rate. C) Actual real GDP is at a desirable level if there is no tendency for inflation to accelerate or decelerate. D) All of the above.
When compared to the profit-maximizing price and quantity supplied, an average-cost pricing policy for a natural monopoly causes the price the monopolist charges to ________ and the quantity it sells to ________.
A. increase; decrease B. decrease; decrease C. decrease; increase D. increase; increase
In the above figure, moving from producing 50 guitars and 50 ukuleles to producing 25 guitars and 75 ukuleles, the opportunity cost of one ukulele is
A. 1 guitar. B. 25 ukuleles. C. 75 ukuleles. D. 25 guitars.