What's the firm's current contribution margin?
a. $15
b. $18
c. $3
d. $4
c
You might also like to view...
Which of the following is most likely to be a variable cost in the short run?
a. A fee paid to obtain a license. b. The cost of owning machinery. c. The energy costs of running a factory. d. Rent payments for office space.
Corporations produce most of the output in the United States
a. True b. False Indicate whether the statement is true or false
Which of the following transactions would be included in the U.S. balance of payments?
a. A U.S. resident buys a bus ticket from Dallas to El Paso, Texas. b. U.S. manufacturers sell thousands of cars to Canadian buyers. c. A U.S. resident pays a fee to obtain a passport to travel abroad. d. Canadian oil companies pay a Dutch firm to design an oil pipeline.
Which of the following statements is NOT accurate?
A. Fundamental disequilibrium calls for a persistent series of official interventions. B. An ongoing disequilibrium in the foreign exchange market can be sterilized by keeping official reserve holdings steady. C. A fundamental disequilibrium can result in a one-way speculative gamble. D. The value of the foreign currency declines if a country revalues its own currency.