For products like parking lots and hotels, the relevant costs and benefits for setting price are
a. LRMR and LRMC
b. LRMR and SRMC
c. SRMR and SRMC
d. SRMR and LRMC
c
Economics
You might also like to view...
A situation in which a country does not take part in international trade is known as
A) autarky. B) openness neglect. C) indifference tradeoff. D) protectionist point.
Economics
Which of the following goods is most likely to be associated with monopolistic competition?
a. Gasoline b. Milk c. Cookies d. Wheat
Economics
The variable that links the market for loanable funds and the market for foreign-currency exchange is
a. net capital outflow. b. national saving. c. exports. d. domestic investment.
Economics
College education is an example of a positive externality.
A. True B. False C. Uncertain
Economics