Suppose the extra cost to a pet store of advertising one additional day each week in the local newspaper is $450

Then, the pet store should advertize that one additional day each week if doing so brings in additional revenue of $450 or more each week.


Indicate whether the statement is true or false


TRUE

Economics

You might also like to view...

You lend $5,000 to a friend for one year at a nominal interest rate of 10%. Inflation during that year is 5%. As a result, you will receive ________ at the end of the year, but that money has a purchasing power of ________

A) $5,050; $5,025 B) $5,100; $5,050 C) $6,000; $5,500 D) $5,500; $5,250

Economics

The most volatile part of wealth is

A. transfer payments. B. Bonds. C. the stockmarket. D. savings accounts.

Economics

Which statement is true?

A. Entrepreneurial ability is considered a passive resource. B. All entrepreneurs are inventors. C. The entrepreneur has been the central figure in the long economic success in the U.S. D. The basic payment made to the owners of capital is rent.

Economics

If discouraged workers were counted as unemployed, then as output decreased the unemployment rate would

A. fall by less than is the case if discouraged workers are not counted as unemployed. B. increase by less than is the case if discouraged workers are not counted as unemployed. C. increase by more than is the case if discouraged workers are not counted as unemployed. D. fall by more than is the case if discouraged workers are not counted as unemployed.

Economics