Which equation is used by a manager when considering total cost?
A) total costs (TC) = consumption (C) + investment (I) + government (G)
B) total costs (TC) = average fixed costs (AFC) + number of workers
C) total costs (TC) = average total costs (ATC)
D) total costs (TC) = total fixed costs (TFC) + total variable costs (TVC)
Answer: D
You might also like to view...
Two goods with a low cross elasticity of demand are competing in the same market.
Answer the following statement true (T) or false (F)
The manufacturer of Beanie Baby dolls used quarterly price data for 2005 I - 2013 IV (t = 1, ..., 36) and the regression equationPt = a + bt + c1D1t + c2D2t + c3D3tto forecast doll prices in the year 2014. Pt is the quarterly price of dolls, and D1t, D2t, and D3t are dummy variables for quarters I, II, and III, respectively. 
What is the estimated intercept of the trend line in the 1st quarter?
A. 32 B. -8 C. 24 D. 16 E. none of the above
Which would be considered an investment according to economists?
A. The purchase of stock in MacDonald's. B. The selling of IBM corporate bonds. C. The purchase of a new machine by Ford. D. The buying of shares of Janus mutual funds.
Using Richard Tedlow's "three phases of marketing," the premium bottled water industry is probably in
A) the first phase, where a very large number of firms are each producing a relatively small volume of premium bottled water. B) the second phase, where one or a few brands have attained high market shares by selling a large number of bottles of premium water at lower prices. C) the third phase, where the dominant firms have rapidly introduced a large number of premium bottled water varieties. D) The market for premium bottled water is too young to categorize using the "three phases of marketing."