Each of the following factors determine the value of a forecast except which one?
A) the accuracy of the forecast
B) the slope of the marginal cost curve
C) the variability of the firm's demand
D) the slope of the average fixed cost curve
D) the slope of the average fixed cost curve
You might also like to view...
The difference between a tariff and a quota is that the tariff revenue goes to the
A) domestic government. B) holder of the quota license. C) foreign government. D) domestic consumer. E) domestic producer.
The idea of comparative advantage implies that people or countries
A) should specialize in the production of goods. B) can gain from trading. C) can consume at a point outside their production possibilities frontier. D) all of the above.
Customs unions and free trade areas are identical in the manner in which member countries treat imports from nonmember countries
Indicate whether the statement is true or false
As the price of movie tickets increases, which of the following is most likely to happen?
a. The demand for DVDs will increase. b. The quantity of books demanded will decrease. c. The number of Broadway tickets purchased will decrease. d. The prices of popcorn and soda will increase. e. The number of movies being produced will decrease.