Which of the following statements is true?
A. Focusing on incremental costs is a bad idea for managers.
B. Fixed cost is the same thing as variable cost.
C. Costs look the same from all perspectives.
D. Incremental cost is the same thing as marginal cost.
D. Incremental cost is the same thing as marginal cost.
You might also like to view...
The Federal Reserve
Everything else remaining unchanged, what is likely to happen to the equilibrium real interest rate and quantity of credit if the credit demand curve shifts to the left?
A) Both equilibrium rate of interest and quantity of credit will decrease. B) Both equilibrium rate of interest and quantity of credit will increase. C) The equilibrium rate of interest will decrease and the quantity of credit will increase. D) The equilibrium rate of interest will increase and the quantity of credit will decrease.
In the 1980s and 1990s, average per capita income increased by a greater percentage in sub-Saharan Africa than it did in the rest of the world
Indicate whether the statement is true or false
A decrease in aggregate demand as a consequence of government decisions to alter its levels of expenditure and revenues involves which of the following?
a. Decreases in spending. b. Increases in tax rates and collections and decreases in spending. c. Decreases in tax rates, collections, and spending. d. Increases in spending and decreases in tax rates and collections.