Suppose Sun Bakery sells cupcakes and buns, using various equipment and labor to make and deliver its products. Which of the following costs is a variable cost for Sun Bakery?
a. The money paid for its monthly electricity bill
b. The money paid as rent on the bakery space
c. The money paid to purchase a new mixer
d. The money paid to purchase a delivery van
a
You might also like to view...
Approximately how many slaves were brought from Africa to the New World during the operation of the transatlantic slave trade?
a. 50,000 b. 700,000 c. 5 million d. 10 million
Excess reserves are:
A. Bank reserves in excess of required reserves. B. Legal reserves in excess of lending reserves. C. Transactions deposits plus traveler's checks. D. Total reserves plus deficient reserves.
An American tourist in the Netherlands buys tulips from a local producer. This is an example of a(n) ________ by the tourist
A) transfer payment B) import C) export D) foreign direct investment
Keynes thought that the behavior of the economy in the short run was influenced by what he called "animal spirits." By this he meant that business people sometimes felt good about the economy, and carried out lots of investment, and at other times felt
bad about the economy, and so cut back on their investment spending. Explain how such fluctuations in investment would lead to fluctuations in real GDP and prices.