In Cost Calculations for Pizza Shack Company, if the fixed cost went up to $50, then at an hourly output of 6 Pizza Shack’s TC would ______ and its ATC would ______.
a. increase to $106; decrease to $8.15
b. increase to $106; increase to $17.67
c. decrease to $90.00; decrease to $15.00
d. increase to $186; increase to $31.00
b. increase to $106; increase to $17.67
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Fearing that the economy was overheating, policymakers instituted a temporary tax surcharge in 1968. This temporary surtax
A) drastically reduced both savings and consumption. B) increased savings and reduced consumption. C) reduced savings but had little effect on consumption. D) successfully reduced consumption sufficiently to cool down the economy.
The demand for money curve is shown in the figure above. A movement from point B to point C could be the result of
A) a rise in the real interest rate. B) an increase in the quantity of money held by banks. C) a fall in the nominal interest rate. D) a rise in the real interest rate matched by an equal fall in the nominal interest rate. E) a decrease in the total benefit from holding money.
In profit centers
a. Managers are difficult to evaluate because there is no simple metric of how well they performed b. Managers typically have the necessary information to run their division efficiently c. Managers' decisions rarely affect other divisions d. Managers typically do not have the incentives to run their division efficiently
Under U.S. antitrust law, a consent decree allows a firm to
a. admit to an antitrust violation without penalty b. admit to an antitrust violation without a lawsuit c. challenge the government's accusation in court d. cease the alleged wrongdoing without admitting guilt e. cease the alleged wrongdoing only by admitting guilt