Inducements to act in particular ways are called
A) collusive tactics.
B) incentives.
C) trade-offs.
D) opportunity costs.
B
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Central Grocery in New Orleans is famous for its muffaletta, a large round sandwich filled with deli meats and topped with a tangy olive salad. Suppose the following table represents cost and revenue data for Central Grocery
Fill in the columns for TR, MR, MC, ATC, and profit. If Central Grocery wants to maximize profits, what price should it charge for a muffaletta, what quantity should it sell, and what will be the amount of its total profit? Muffalettas Sold per Day Price (P) Total Revenue (TR) Marginal Revenue (MR) Total Cost (TC) Marginal Cost (MC) Average Total Cost (ATC) Profit 0 $15 $12 1 14 18 2 13 20 3 12 21 4 11 23 5 10 26 6 9 30 7 8 35 8 7 42 9 6 52 10 5 78
Recessions occur at irregular intervals and are almost impossible to predict with much accuracy
a. True b. False Indicate whether the statement is true or false
After being introduced in 1999, the euro
A. increased in value through 2008. B. decreased in value through 2008. C. increased in value through 2000 but then decreased in value through 2008. D. decreased in value through 2000 but then increased in value through 2008.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.