Advertising costs and other selling costs are
A) efficient.
B) fixed costs.
C) variable costs.
D) marginal costs.
E) considered as part of demand because they affect the demand for the good.
B
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An increase in the government budget surplus will shift the ________ curve for loanable funds to the ________ and the equilibrium real interest rate will ________
A) demand; right; rise B) demand; left; fall C) supply; left; rise D) supply; right; fall
An example of physical capital is:
A. a tractor. B. a farmer. C. a high-yield seed varietal. D. All of these are examples of physical capital.
In the long run, a monopolistically competitive firm earns small economic profits
a. True b. False Indicate whether the statement is true or false
Given the supply curve of butter, a reduction in the price of margarine will tend to:
a. Increase the demand for margarine b. Increase the demand for butter c. Lower the price of butter d. Raise the price of butter