The above table gives techniques Jitters Coffee Company can use to package 5,000 pounds of coffee
If the cost of capital is $50 per unit and the cost of labor is $100 per unit, the economically efficient technique for packaging 5000 pounds of coffee is A) A.
B) B.
C) C.
D) D.
A
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If an increase in the price of good X leads to a decrease in the demand for good Y, then:
A. good X is a normal good and good Y is an inferior good. B. good X and good Y are complements. C. good X and good Y are normal goods. D. good X and good Y are substitutes.
Rostow's stages of growth concept could be improved by
a. demonstrating how a country moves from one stage to the next b. showing when different countries achieved a take-off c. illustrating the industries that could be leading sectors d. identifying the investment-to-income ratio that is typical for each stage e. specifying necessary investment and savings levels
GDP minus the net income of foreigners is: a. personal income
b. national income. c. GNP. d. net national income.
The presence of positive externalities _____ justify the current structure of government programs for higher education.
A. should B. does C. should not D. does not