Many people have turned to the Internet to get the news. This has caused the circulation numbers of newspapers to fall drastically, which in turn caused their:
A. Average fixed costs to increase
B. Average total costs to decrease
C. Average fixed costs to decrease
D. Marginal costs to increase
A. Average fixed costs to increase
You might also like to view...
With lags in monetary policy, an effective expansionary policy must be initiated many months ________ the start of the economic downturn it is intended to moderate, and this requires ________ economic forecasts
A) before, generating accurate B) before, ignoring C) after, generating accurate D) after, ignoring
Any increase in the present value of taxes implies
A) an increase in lifetime wealth and an increase in the current labor supply. B) an increase in lifetime wealth and a decrease in the current labor supply. C) a decrease in lifetime wealth and an increase in the current labor supply. D) a decrease in lifetime wealth and a decrease in the current labor supply.
You can invest $100,000 into either project A or B. You estimate that A would succeed with a probability of 0.6 in which case it doubles in value. If it fails, its scrap value is $50,000 . Project B would succeed with probability 0.7, in which case it would have a value of $150,000 . If it fails, project B's scrap value is $30,000 . Which project should you invest in
a. Project A b. Project B c. Neither of the projects d. You cannot tell from the information presented
Consider a firm with the following cost and revenue information: ATC = $8, AVC = $7, and MR = MC = $6 . If the firm produces Q = 60 in the short run, it:
a. is minimizing losses. b. makes a total loss of $60. c. should produce more output. d. is making a mistake and should shut down. e. is maximizing total profit.