If a firm enjoys a revenue of $500 from two units of output and $600 from three units of output, then its marginal revenue must be rising
a. True
b. False
B
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In Alan Lakein's book How to Get Control of Your Time and Your Life, he states that daily time use should be directly related to:
a. Resources b. Goals c. Values d. Attitudes
Suppose you put $1,000 aside for a vacation in Mexico. On your flight to Cancun, the passenger seated next to you says: "Did you hear the good news? We can do and buy more on our vaction now.". You ponder the comment and say to yourself:
a. "I bet there's a new tariff on American goods.". b. "I bet there's a new tariff on Mexican goods.". c. "Perhaps the exchange rate, dollars per peso, increased.". d. "Perhaps the exchange rate, pesos per dollar, increased.". e. "Perhaps the exchange rate, pesos per dollar, decreased.".
Which of the following Internet firms has a near monopoly in the search market?
A. Google B. Amazon C. Facebook D. Bing
Fixed costs for a firm are analogous to:
A. the dirt that fills up the financial hole. B. digging a deeper financial hole by producing when prices are too low. C. the cost of the shovel needed to fill the financial hole. D. starting out in a hole that represents economic losses if the firm produces nothing.