The contribution to total revenues coming from the next worker hired is
A) marginal product.
B) marginal revenue product.
C) total product.
D) total revenues.
B
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At many municipal golf courses, local residents pay a lower fee to play than other golfers do. One necessary condition for the golf course to be able to successfully price discriminate according to residency is that
A) they can check the identification cards of golfers. B) local resident golfers and other golfers have the same price elasticity of demand to play at the municipal course. C) there are many golf courses nearby from which golfers can choose. D) they require all golfers to rent a cart.
Which of the following statements is true?
A. The ECB's success in controlling reserves by paying interest on them has led the Fed to do the same. B. The Fed's redesign of its procedures for lending to banks was the model for the ECB's marginal lending facility. C. The ECB's marginal lending facility was the model for the Fed's redesign of its procedures for lending to banks. D. The ECB's weekly auctions include only a few of the largest banks in Europe.
According to U.S.? GAAP, when should revenue be? recognized?
A. When the goods or services have been priced and offered for sale B. When cash is received from the customer C. When the service is performed or the goods have been delivered to the customer D. At the stated date in the contract
In a given year, suppose a company spends $100 million on intermediate goods and $200 million on wages, with no other expenses. Also assume that its total sales are $800 million. The value added by this company equals
A) $200 million. B) $300 million. C) $500 million. D) $700 million. E) $800 million.