From fiscal year 2012 to fiscal year 2013 China's budget deficit rose 50%. Other things the same, we would expect this to have
a. decreased interest rates and investment.
b. decreased interest rates and increased investment.
c. increased interest rates and investment.
d. increased interest rates and decreased investment.
d
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Fixed costs are those costs that are
A. unchanging through time. B. independent of the amount of output a firm produces in the short run. C. zero if the firm produces no output in the short run. D. dependent of the amount of output a firm produces in the short run.
Mass marketing involves
A. using all types of media, such as television and radio, to reach as many consumers as possible. B. lower-cost methods of advertising. C. Internet ads only. D. using direct mailings only.
A monopoly will maximize profits at the level of output at which
A. MC = P. B. MR = AFC. C. MR = MC. D. MC = ATC.
Refer to the diagram, assuming that the firm represented is operating on curve TC 0 . What is the user cost of extracting a unit of this resource?
A. $20.
B. $40.
C. $60.
D. It cannot be determined with the information given.