Costs that deter firms from changing prices in response to demand changes are known as
A) sticky costs.
B) menu costs.
C) policy costs.
D) production costs.
Answer: A) sticky costs.
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Starbucks reports net income for 2018 of $4,518.3 million. Its stockholders’ equity is $5,450.1 million and $1,169.5 million for 2017 and 2018, respectively.
a. Compute its return on equity for 2018. b. Starbucks repurchased over $7,208.7 million of its common stock in 2018. Did this repurchase increase or decrease Starbucks’ ROE? If Starbucks had not repurchased common stock in 2018, what would ROE have been?
Which of the following statement is normative?
A. A large budget surplus is likely to lower interest rates. B. Higher taxes are needed to support education. C. The interest rate increases are the result of Federal Reserve actions to decrease the money supply. D. Trade deficits frequently occur in conjunction with budget deficits.
In the short run where total variable cost is ________ at a(n) ________ rate, marginal cost is positive and increasing.
A. increasing; decreasing B. decreasing; decreasing C. increasing; increasing D. decreasing; increasing
The aggregate production function shows the quantity and quality of resources used in production given the efficiency with which resources are utilized and the prevailing technology
Indicate whether the statement is true or false