Utility analysis helps economists determine
A. marginal tax rates.
B. how people decide how many units of products to buy.
C. interest rates.
D. none of the above.
Ans: B. how people decide how many units of products to buy.
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How does scarcity affect the range of possible choices that decision makers face?
A. It narrows the choice to a single option. B. It narrows the range of choices. C. It increases the possible methods for solving problems. D. It clarifies the choices by highlighting the best solutions. E. It simplifies the choices and therefore widens the range.
In 2002, __________ had the largest dollar value of mergers and acquisitions
A) the United States B) the United Kingdom C) Germany D) Japan
The "primary motive" of regulators, according to the share-the-gains, share-the-pains theory, is to
A) maximize their income through accepting monetary payoffs from groups. B) ensure that every group gets what it wants. C) ensure that all customers share the benefits of regulation, and not just the wealthiest consumers. D) keep their jobs.
A firm's total cost of production is
a. the owners' opportunity cost b. labor costs plus the cost of materials c. the payments for its inputs d. depreciation plus payments for inputs e. taxes plus depreciation plus payments for inputs