________: specific form of current production costs that do not vary with the level of output or input use
Fill in the blank(s) with correct word
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Jobs lost to outsourcing can be partially offset by jobs gained from
A) increased output from another industry. B) greater trade imbalances. C) higher opportunity costs. D) higher production costs.
Game theory is
A. The study of decision making in situations where strategic interaction occurs between rivals. B. Practiced by perfectly competitive firms. C. The study of price-fixing and collusion. D. An explanation of how oligopolists become monopolists.
A reduction in the reserve deposit ratio, ?, will most likely have which of the following effects?
A) a rightward shift in the IS curve B) a leftward shift in the IS curve C) an upward shift in the LM curve D) a downward shift in the LM curve
Using the data in the above table, if the firm employs 5 workers, total product (measured in units per day) and average product and marginal product of the fifth worker (measured in units per worker) are
A) 23, 5.00, and 4 respectively. B) 23, 5.75, and 4 respectively. C) 25, 5.00, and 2 respectively. D) 25, 5.75, and 4 respectively.