Which of the following are examples of non-rival and exclusive goods?
a. public swimming pool
b. golf course
c. subways
d. all of the above goods are non-rival and exclusive
d
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Refer to the table below. If at the current advertising level, A = $9,800, B = $15,200, and C = $8,000, to maximize profit, which of the following should the firm do?
The table above shows the current costs for a firm to advertising on the radio, television, and newspaper.
A) The firm should decrease its advertising on the radio and increase its advertising in newspapers.
B) The firm should decrease its advertising on the television and increase its advertising in newspapers.
C) The firm should increase its advertising on the television and decrease its advertising in newspapers.
D) The firm should decrease its advertising on the radio and increase its advertising on television.
A banking panic occurs when
a. many banks fail simultaneously b. banks do not earn enough profit c. a bank exhausts all of its vault cash d. individuals cannot withdraw money from a bank e. bank officials fear they have made too many bad loans
U.S. industry is much more concentrated than other leading industrial nations of the world
Indicate whether the statement is true or false
A ____ is a graph whose axes show the quantities of two inputs that are used to produce some output
a. production indifference map b. two-variable diagram c. scalar diagram d. time-series graph