Marginal cost pricing refers to the:
A.) Offer of goods at prices equal to their marginal cost.
B.) Sale of goods at the highest possible price.
C.) Rate of output at which marginal cost equals marginal revenue.
D.) Offer of goods at a price above marginal cost.
A.) Offer of goods at prices equal to their marginal cost.
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In the desire to have a celebrity's image protected to prevent it from being used in ways he would not approve, a celebrity's estate
A) will probably not be successful, since there are no laws regulating this kind of use in the United States. B) will most likely be more successful in developing countries than in high-income countries, since property regulations are better enforced in developing countries. C) can rely on U.S. laws that protect intellectual property rights to prevent the unauthorized use of his image. D) will have to be granted a patent declaring the celebrity's image a new product, and this will give the estate protection for 7 years.
Since the wide spread acceptance of the Keynesian view during the 1960s,
What will be an ideal response?
In the circular flow diagram, saving
A. is a leakage and investment is an injection. B. and investment are both injections. C. is an injection and investment is a leakage. D. and investment are both leakages.
If real GDP in 2003 is $9 trillion and real GDP in 2004 is $9.27 trillion, then the economic growth rate in 2004 is ____.
a. 2.7 percent b. $0.27 trillion c. 3.0 percent d. $9.27 trillion