According to the budget line in the above figure, which of the following combinations is unaffordable?
A) 1 pizza and 3 CDs
B) 3 pizzas and 2 CDs
C) 2 pizzas and 4 CDs
D) All of the above are affordable.
C
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Total cost is
a. fixed cost plus variable cost b. irrelevant to decision making c. marginal cost plus fixed cost d. total product minus total input e. the additional cost associated with producing an additional unit
Which of the following is not a sport finance issue?
a. valuation of sports teams b. borrowing of money to finance sport ventures c. stadium funding d. sports apparel e. none of these
What is an economic theory or model? What constitutes a "good" economic theory or model?
What will be an ideal response?
When El Torito Restaurant is deciding how many waiters to hire for a holiday weekend, it is making a ________ decision
A) plant-size B) long-run C) short-run D) fixed-input