Mixster Concrete Company is considering buying a new cement truck. The owners and their accountants decide that this is the profitable thing to do. Before they can buy the truck, the interest rate and price of trucks change. In which case do these changes both make them less likely to buy the truck?
a. Interest rates rise and truck prices rise.
b. Interest rates fall and truck prices rise.
c. Interest rates rise and truck prices fall.
d. Interest rates fall and truck prices fall.
a
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Compared with inter-regional trade in the he United States, intra-EU trade
A) is far greater. B) is greater. C) is about the same. D) is less. E) is far less.
Which of the following statements best describes a production function?
A) the maximum profit generated from given levels of inputs B) the maximum level of output generated from given levels of inputs C) all levels of output that can be generated from given levels of inputs D) all levels of inputs that could produce a given level of output
Monopolistic competitors are
a. price takers b. price searchers c. price maximizers d. price ignorers e. collusive price fixers
In the graph below, the price of capital is $500 per unit. Which of the following combinations of capital and labor lies on the expansion path?
A. 500L, 100K B. 1100L, 220K C. 800L, 160K D. both a and b E. none of the above