Refer to Table 11-7. What is the average variable cost per unit of production when the firm produces 90 lanterns?
A) $490 B) $33.67 C) $7.67 D) $5.44
D
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Which of the following functions of money enables society to gain the benefits of geographic and labor specialization?
A. store of value B. unit of account C. medium of deferred payment D. medium of exchange
The proposed takeover of Tony's Airlines by Plummet Airlines will result in increased profits for Plummet and increased air fares for consumers. This is an example of
a. widespread distribution of benefits and costs b. concentrated distribution of costs and benefits c. concentrated distribution of benefits and widespread distribution of costs d. concentrated distribution of costs and widespread distribution of benefits e. logrolling
The investment demand curve as a function of various possible interest rates for the entire economy is assumed to be:
a. positively sloped. b. negatively sloped. c. rising, then falling. d. falling, then rising.
According to the ability-to-pay principle, it is fair for people to pay taxes based on the amount of government services that they receive
a. True b. False Indicate whether the statement is true or false