Which of the following would increase a firm's average total costs?
a. economies of scale
b. an increase in input prices
c. an improvement in technology
d. an increase in demand for the firm's product
B
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The Congressional Budget Office estimates that the additional taxes and fees enacted under the ACA will be enough to pay for the plan and reduce the federal government's budget deficit
Indicate whether the statement is true or false
Refer to Table 5.1. A risk-averse student making a decision solely on the basis of the above information
A) would definitely become a math major. B) would definitely not become an English major. C) would definitely become a political science major. D) might be either a mathematics major or English major, depending upon the utility of the average offer. E) would definitely be indifferent between the accounting major and the English major if the probability of finding a job in accounting were any value higher than 0.95.
When government runs a budget deficit, it makes up the difference by:
A. issuing government bonds. B. paying down outstanding debt. C. increasing public saving. D. increasing transfer payments.
Ersatz Kreme will sell its filling to Hunky Donuts only if Hunky Donuts agrees not to buy filling from other suppliers. This is an example of:
A. price discrimination. B. exclusive dealing. C. a tying contract. D. interlocking directorates.