Because of _______________, rental prices for physically similar space can vary widely across locations, & across property types.
Fill in the blank(s) with the appropriate word(s).
Ans: segmentation
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Loans are examples of a bank's
A) balance sheet. B) assets. C) liabilities. D) net worth.
The costs of recruiting new employees, training the new employees, and suffering the initial low productivity of new employees when old employees leave are called
A. benchmark wages. B. efficiency wages. C. turnover costs. D. marginal costs of long-term training.
A firm with explicit costs of $3,000,000, no implicit costs, and total revenue of $3,000,000 would have
A. zero economic profit. B. zero accounting profit. C. accounting profits equal to economic profits, in this case both zero. D. All of the choices are true of this firm.
The graph above shows supply and demand in the domestic market without trade. Consumer surplus without trade is represented by area
A) P1-E-Po B) P1-E-0 C) Po-E-0 D) P1-E-Qo