The absolute value of the slope of an isocost line equals the ratio of
A) the marginal productivities of the two inputs. B) the prices of the two inputs.
C) the quantities of the two inputs. D) the marginal utilities of the two inputs.
B
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Which of the following events will help to burst an asset price bubble?
A) Speculative demand for the asset quickly declines. B) Speculative demand for the asset quickly increases. C) New information leads buyers to doubt that prices will continue to increase in the future. D) A and C are correct
Regulation that is based on allowing prices to reflect only the actual operating cost of production is known as
A) average cost regulation. B) marginal cost regulation. C) rate-of-return regulation. D) cost-of-service regulation.
Use the above figure. The long-run Phillips curve is best depicted by graph
A) A. B) B. C) C. D) D.
When grocery stores offer discount coupons on Sunday papers, it is trying to
a. Price discriminate b. Undercut its competition c. Reward the frequent readers d. Provide a social service