Refer to Table 2.3. Assume that 2010 is the base year. The GDP deflator for 2013 is
A) 67.1.
B) 84.5.
C) 100.0.
D) 118.3.
D
You might also like to view...
Refer to Scenario 10-1. Based on the information above, what is the level of public saving?
A) $0 B) $1 trillion C) $2 trillion D) negative $1 trillion (a deficit of $1 trillion)
Expansion Your firm prints the novelty baseball cards that candy makers include in their bubblegum. Since you regularly sell 100,000 cards per week, you invested in four separate production lines that can each produce 25,000 cards in a standard 40 hour
work week. Now a few of the candy makers are signed long term contract that will increase their orders so that you will need to produce 150,000 cards per week. If you can invest in two new production lines at the same cost as your previous four, what does this imply for the shape of your long-run marginal cost curve? What does it imply for changes in your pricing?
If the firm is incurring losses in the short run, then which of the following is true?
A. P < ATC B. P > ATC C. P > MC D. MC > ATC
Stocks are
A. promises to repay loans. B. a liability of a corporation. C. a liability of a proprietorship. D. shares of ownership in a corporation.