In 2007, Trailblazer Bicycle Company produced a mountain bike that was delivered to a retail outlet in November of 2007. The bicycle was sold to E.Z. Ryder in March of 2008. This bicycle is counted as:
a) consumption in 2007 and as negative investment in 2008.
b) negative investment in 2007 and as consumption in 2008.
c) negative investment in 2007 and as investment in 2008.
d) investment in 2007 and as negative investment in 2008.
d) investment in 2007 and as negative investment in 2008.
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As long as it does not shut down, a perfectly competitive firm earns the maximum profit as long as it operates so that
A) its price exceeds its average total cost. B) market demand is inelastic. C) its price exceeds its marginal revenue. D) its marginal revenue equals its marginal cost.
Unions can increase labor productivity by
A) maximizing the number of workers in the union. B) reducing the supply of workers over time. C) reducing conflicts between workers and management. D) reducing the quantity of poorly made imports into the country.
One of reasons the government may choose to spend would be the:
A. real interest rates increase. B. beliefs about what citizens may need. C. government expected to earn a large return on its spending. D. real interest rates decrease.
Refer to the information provided in Table 19.8 below to answer the question(s) that follow.Table 19.8Total IncomeTotal Taxes$20,000 $2,000 40,000 4,800 60,000 9,000 80,000 16,000Related to the Economics in Practice on page 393: Refer to Table 19.8. If income increases from $20,000 to $40,000, the marginal tax rate is
A. 2%. B. 12%. C. 14%. D. indeterminate from this information.