Some colleges now offer massive open online courses (MOOCs), where students do not need to be in the same classroom as their instructors. The fixed cost of an online course is relatively ________, but after the courses are placed online, the marginal
cost of providing instruction to an additional student is ________.
A) high; low
B) high; high
C) low; low
D) low; high
Answer: A
You might also like to view...
When the demand curve shifts rightward and the supply curve shifts leftward, then the equilibrium price ________ and the equilibrium quantity ________
A) rises; decreases B) falls; increases C) rises; probably changes but the direction of the change cannot be determined D) probably changes but the direction of the change cannot be determined; increases
You can borrow $5000 to finance a new business venture. This new venture will generate annual earnings of $251. The maximum interest rate that you would pay on the borrowed funds and still increase your income is
A) 25%. B) 12.5%. C) 10%. D) 5%.
Repealing a tariff will likely
A) increase the quantity produced domestically, increase the quantity purchased domestically, and reduce the price charged domestically. B) reduce the quantity produced domestically, increase the quantity purchased domestically, and reduce the price charged domestically. C) reduce the amount produced abroad, reduce the price domestically, and reduce the quantity purchased domestically. D) increase the amount produced abroad, increase the price domestically, and reduce the quantity purchased domestically.
When the trade-offs you face are determined by the choices someone else will make, behaving rationally involves:
A. behaving strategically. B. ignoring the behavior of other actors. C. acting in a way to help others. D. All of these statements are true.