If it costs Microsoft $800 million to bring a new version of Windows to market, and if the marginal cost of producing one unit were $1, the ATC of producing 10 million units would be approximately ______.
Fill in the blank(s) with the appropriate word(s).
$81
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Which of the following is not an institutional constraint that limits the United States' production possibilities?
A. Blue laws that restrict bars and liquor stores from opening on Sunday B. Restrictions on child labor C. The fact that Americans dislike working at night or on the weekends D. Workers who are "in between" jobs
Which of the following is an example of built-in stability? As real GDP decreases,
A. income tax revenues increase and transfer payments decrease. B. income tax revenues and transfer payments both decrease. C. income tax revenues and transfer payments both increase. D. income tax revenues decrease and transfer payments increase.
Payments to the factors of production are
A) rent, wages, interest, and profit or loss. B) rent, mortgage, interest, and bonds. C) rent, interest, bonds, and profit or loss. D) land, labor, capital, and entrepreneurshi
A decline in housing prices can help to push the economy into a recessionary gap
Indicate whether the statement is true or false