XYZ Computer Company has a monopoly on the sale of a specialized color printer. If it sells two of these printers, its total revenue is $1,000 and if it sells three, its total revenue is $1,300. The marginal revenue of the third color printer sold is
A. $100.
B. $150.
C. $300.
D. $1,300.
Answer: C
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A) a to b. B) c to b. C) a to d. D) d to c.
The total market value of capital assets in the United States is about $30 trillion dollars
a. True b. False Indicate whether the statement is true or false
Sunk costs
a. are expenditures made in the past that cannot be regained no matter what is done now or in the future. b. are a component of variable costs, but not fixed costs. c. represent foregone opportunities, and therefore the firm's managers should consider these costs when they are making current decisions. d. can be avoided if the firm goes out of business.
The exchange rate of the Euro in terms of the US Dollar is currently:
(a) At parity. (b) Below parity. (c) Above parity. (d) Undefined.