To compete in the automobile market, Tesla must make many strategic decisions such as whether to introduce a new car model, how to sell and service its cars, and where to advertise
At Tesla's Fremont, California plant, managers must decide on the monthly production quantities of their S and X models. In making this decision, the managers
A) will choose to only produce the quantity of S and X models where marginal cost equals zero.
B) will always decide on production quantities in which revenues are maximized.
C) face no trade-off because the Fremont plant only produces these two models of the many Tesla models produced worldwide.
D) face a trade-off, because producing more of one model means producing less of the other.
D
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Horizontal equity is achieved when taxes are collected from those who benefit from the government expenditure of the tax revenue
Indicate whether the statement is true or false
Celia buys 24 gallons of gasoline per month when the price is $2 per gallon, but only 16 gallons if the price rises to $3 per gallon. Within this range, her demand for gasoline is
a. unitary elastic b. perfectly inelastic c. perfectly elastic d. inelastic e. elastic
According to behavioral economics, cognitive biases:
A. create errors in decision making, but these errors are random and follow no particular pattern. B. occur but are not prevalent enough to distort the behavioral predictions of neoclassical economics. C. are misunderstandings or misperceptions that cause systematic error. D. are solely the result of faulty heuristics.
Describe the background factors that contributed to the Asian financial crisis
What will be an ideal response?