Refer to the information in Scenario 8.1. If Fizzle and Sizzle sell the same output at the same price and are otherwise identical, Fizzle's profit will be
A) higher than Sizzle's by $500,000 yearly.
B) higher than Sizzle's by just less than $500,000 yearly.
C) zero in the long run, and Sizzle will be out of business.
D) the same as Sizzle's, because Fizzle must be assigned an implicit cost of $500,000 yearly for economic rent.
E) the same as Sizzle's, because Sizzle will move to a more advantageous location in order to compete.
D
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The table above shows
A) a total product schedule. B) the market for labor. C) a production possibility frontier. D) a supply schedule. E) a demand for labor schedule.
Refer to Table 18-1. Suppose a series of votes are taken in which each pair of alternatives is considered in turn. The first pair considered is between subsidies for education and research on Alzheimer's
The second pair considered is between Alzheimer's research and increased border security. The third pair considered is between education subsidies and increased border security. In this case, the collective preferences of the voters A) turn out to be transitive and will yield a consistent outcome. B) turn out not to be transitive but will yield a consistent outcome. C) turn out not to be transitive and will not result in a consistent outcome. D) turn out to be transitive but will not result in a consistent outcome.
Demand sensitivity depends on all of the following except:
a. how low is the price of the good. b. the sensitivity of firms' output to changes in its price. c. the consumer's income. d. the availability and closeness of substitutes. e. the amount of time a consumer has to adjust to price changes.
Semen consists of
A. sperm B. alkaline fluid C. fructose D. all of the above