Which of Bernardo’s actions is part of the input market?
a. He advises a law firm.
b. He buys groceries.
c. He runs three miles a day.
d. He visits the doctor.
a. He advises a law firm.
You might also like to view...
Deterring entry might require a firm to
A) price their product closer to the competitive price than to the monopoly price. B) price their product closer to the monopoly price than to the competitive price. C) drop output almost to zero to show the consumers "who's boss." D) drop price almost to zero to get price below marginal cost.
When a firm has maximized profits
A) it has also minimized total costs. B) the marginal product of each input is also maximized. C) the marginal physical product is greater than the input price for all inputs. D) its marginal cost is zero.
A sum of money to be received in the future is worth more than a sum of money today
a. True b. False Indicate whether the statement is true or false
If a German pension fund decides to purchase U.S. government bonds, what is the effect in the foreign exchange market?
a. It will increase demand for U.S. dollars. b. It will decrease demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.