If it costs View Your World, a high-end window manufacturer, $20 per window to install a higher quality glass in its windows and consumers will pay an additional $28 per window for the improvement, which of the following is true?
A) View Your World should install the higher quality glass because the marginal revenue from the quality enhancement is less than the marginal cost.
B) View Your World should not install the higher quality glass because the marginal revenue from the quality enhancement is less than the marginal cost.
C) View Your World should not install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost.
D) View Your World should install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost.
D) View Your World should install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost.
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Which is the true statement?
A) A society does not need an authoritative central plan to generate order and cooperation. B) A society will fall into social chaos without an authoritative central plan. C) An economic system can last only if guided by a central economic plan. D) Both B and C are true.
A set of actions that a firm takes to achieve a goal, such as maximizing profits, is called
A) the Porter's Competitive Forces plan. B) game theory. C) a payoff matrix. D) a business strategy.
By 1860, over one-half of all Southern farms utilized slave labor
Indicate whether the statement is true or false
One of the strengths of a socialist economy, according to those who advocate such a system, is that government intervention will enable a more equitable distribution of income
a. True b. False Indicate whether the statement is true or false