The extent to which output responds to all inputs is referred to as
a. incremental capital-output ratio
b. returns to scale
c. indivisibilities
d. gestation period
e. none of the above
B
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The decrease in the value of the dollar relative to the Mexican peso
A. increased the dollar price paid and decreased the peso price received for Mexican goods imported into the U.S. B. decreased both the dollar price paid and the peso price received for Mexican goods imported into the U.S. C. increased both the dollar price paid and the peso price received for Mexican goods imported into the U.S. D. decreased the dollar price paid and increased the peso price received for Mexican goods imported into the U.S.
When making decisions on pricing and other behaviors, oligopolistic firms must take into account the actions of other firms
a. True b. False Indicate whether the statement is true or false
During the Great Recession of 2008, which of the following corporations generated the greatest profits?
A. Walmart B. Exxon C. Microsoft D. General Motors
Which of the following is an advantage of starting a new business as a partnership?
A) The owners have limited personal liability. B) Compared to a corporation, a partnership has fewer government rules and regulations to comply with. C) Business profits are not taxed. D) A partnership can easily attain additional funding.