Having a well-known brand name associated with high quality is
A. is a value to consumers.
B. can take a long time to establish.
C. can be costly to maintain.
D. All of these statements are true.
D. All of these statements are true.
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If a monopolist's price is $50 at the output where marginal revenue equals marginal cost and average total cost is $43, then the average profit is $7
Indicate whether the statement is true or false
The smaller the reserve ratio the:
A. less a bank can loan out. B. smaller is the money multiplier. C. less money is created in the economy. D. greater the money is created in the economy.
Pollution is an example of an _____________ cost.
Fill in the blank(s) with the appropriate word(s).
Using baseline budgeting,
A. an increase in spending is spending greater than that needed to provide an unchanged level of services. B. an increase in spending is spending greater than last year's spending. C. an increase in spending is spending greater than that needed to keep up with inflation. D. all budgets revert to zero at the beginning of each fiscal year.