Suppose that a highway is governed by a use fee charged to motorists that is based on congestion, operation and maintenance. The total traffic t is used to determine the cost of 5t2. What is the marginal cost?
A) 5
B) 5t
C) 10
D) 10t
Answer: D
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Which of the following is included in the second part of the marketing strategy statement?
A) advertising tagline B) promotional mix C) planned price D) customer segmentation E) operational excellence
An industry that has a limited number of competing firms, such as the U.S. mobile phone market in which four firms controlled 98 percent of the market in 2014, is known as
A. deregulated. B. a monopoly. C. an oligopolistic industry. D. perfect competition. E. anticompetitive.
Class-action lawsuits are suits in which a number of persons join together to bring an action
a. True b. False Indicate whether the statement is true or false
A ________ group is a group in which two or more members represent each of two distinct cultures, such as four Mexicans and four Canadians who have formed a team to investigate the possibility of investing in Russia.
A. bicultural B. token C. homogeneous D. multicultural