A business produces 5,00 . units per month. Costs include: $12,00 . on raw materials, $20,00 . on operators and $14,00 . on sales people. Other costs of running the factory were $50,00 . for rent and $30,00 . on other fixed overheads. In order to break even the selling price per unit will have to be:
a. $25.20
b. $29.60
c. $20.30
d. $28
a
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Marginal land can be defined as land that earns neither profits nor losses.
Answer the following statement true (T) or false (F)
Which one of the following does NOT explain why the aggregate demand curve is downward sloping?
A. The loanable funds effect B. The real balances effect C. The foreign purchases effect D. The interest rate effect
When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.