One problem with consumer interviews is that
A. response bias.
B. the sample may not be a representative sample.
C. interviews allow for rapid turnaround.
D. both a and b
E. all of the above
Answer: D
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When currency outstanding increases,
A) gold certificates rise. B) the money supply increases. C) Fed assets increase. D) bank deposits at the Fed decrease.
If Slick Shades has a constant marginal cost of production equal to $40 and the distributors have a constant marginal cost of distribution equal to $20, what is the profit-maximizing number of sunglasses (in hundreds) for Slick Shades to produce?
The figure above shows the wholesale demand and marginal revenue curves for Slick Shades Sunglasses, a sunglasses firm with market power. Slick Shades Sunglasses has a constant marginal cost of production and it sells to perfectly competitive independent retail distributors that have a constant marginal cost of distribution.
A) 90
B) 80
C) 50
D) 70
What change in this graph draws more firms into the market?
a. a shift from S1 to S2
b. a shift from P1 to P2
c. a shift from D2 to D1
d. a shift from Q2 to Q1
When you calculate GDP you need
A. the prices of goods & services B. the amount of goods & services produced C. both the prices and quantities of produced goods & services D. none of the above