The motel whose costs are given in the table above has total fixed costs equal to
A) $0.
B) $100.
C) $200.
D) $201.
B
Economics
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What are the two techniques to optimization? How do the techniques differ?
What will be an ideal response?
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Two years ago, the GDP deflator for Old York was 300, and today it is 330.75. Based on this information the annual average inflation rate for the two years was
A) 5%. B) 5.125%. C) 10%. D) 10.25%.
Economics
Consumers who do not consistently discount the future over time behave in a fashion that is most consistent with ________
A) the theory of intertemporal choice B) the Keynesian theory of consumption C) the permanent income hypothesis D) the life-cycle hypothesis
Economics
Mutually beneficial trade is possible because of differing marginal utilities.
Answer the following statement true (T) or false (F)
Economics