Going to college to get more knowledge and skills is considered to be an increase in
A) physical capital.
B) consumption.
C) human capital.
D) net exports.
C
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A subsidy is a negative tax
Indicate whether the statement is true or false
If Bertrand price competitors incur recurring fixed costs, it will still be a Nash equilibrium for price to equal marginal cost.
Answer the following statement true (T) or false (F)
Refer to Table 12-2. How many pounds of apples should Margie sell to maximize her profit?
A) 300 pounds B) 400 pounds C) This cannot be determined without knowing Margie's total or marginal production costs. D) This can be determined only when all of the values for market price, total revenue, average revenue and marginal revenue are given.
The opportunity cost of capital for a consumer's investment decision depends on their financial situation. Which rate should the consumer use?
A) The interest rate on investment opportunities if the consumer is a net saver. B) The interest rate paid on debts if the consumer is a net debtor. C) A and B are correct D) The same interest rate that local firms use to analyze their investment opportunities.