The Department of Justice could use the cross-price elasticity between products sold at Staples and Office Max to show that the firms are very similar.
Answer the following statement true (T) or false (F)
True
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Optimal resource allocation is achieved if P = MC
Indicate whether the statement is true or false
Utilitarians believe that the proper goal of the government is to maximize the sum of the utilities of everyone in society
a. True b. False Indicate whether the statement is true or false
For a large firm that produces and sells automobiles, which of the following costs would be a variable cost?
a. the $20 million payment that the firm pays each year for accounting services b. the cost of the steel that is used in producing automobiles c. the rent that the firm pays for office space in a suburb of St. Louis d. All of the above are correct.
Other things the same, if the Japanese real interest rate were to increase, Japanese net capital outflow
a. and net capital outflow of other countries would rise. b. and net capital outflow of other countries would fall. c. would rise, while net capital outflow of other countries would fall. d. would fall, while net capital outflow of other countries would rise.