An example of fixed investment spending for a business is
A) a purchase of a home by a household.
B) a purchase of a pizza oven by an Italian restaurant.
C) a purchase of a corporate bond by Google.
D) $15 million of unsold furniture at a furniture store.
B
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If Slick Shades has a constant marginal cost of production equal to $80 and the distributors have a constant marginal cost of distribution equal to $30, what is the profit-maximizing number of sunglasses (in hundreds) for Slick Shades to produce?
The figure above shows the wholesale demand and marginal revenue curves for Slick Shades Sunglasses, a sunglasses firm with market power. Slick Shades Sunglasses has a constant marginal cost of production and it sells to perfectly competitive independent retail distributors that have a constant marginal cost of distribution.
A) 40
B) 80
C) 55
D) 60
A decrease in tastes for European goods in the U.S. would ____ the demand for Euros, ____ the equilibrium price (exchange value) of Euros
a. increase; increasing. b. increase; decreasing. c. decrease; increasing. d. decrease; decreasing.
Aggregate expenditure includes final spending by households, businesses, and government on final goods and services
a. True b. False
In an open economy, a society's consumption possibilities are typically ________ its production possibilities.
A. less than B. unrelated to C. equal to D. greater than