In the short run, total variable cost
A) includes the cost of capital.
B) includes the cost of labor.
C) includes both the cost of capital and of labor.
D) does not change when production changes.
E) is positive when output is zero.
B
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According to the above table, there is an excess quantity demanded of 1500 earbuds at the price
A. $12. B. $10. C. $14. D. $8.
If a bond offers $2,000 in interest payments at the end of each of next 5 years and a repayment of $10,000 also at the end of the 5 years and the current discount rate is 3 percent, what is the market price for the bond?
A) $12,874 B) $18,256 C) $7,593 D) $17,786
If the union leader has already sent strikers to the picket line before entering negotiations, the union has
a. Eliminated half of the strategies of the game b. Forced the firm to choose the best response in the union's best interest c. Made it in the firm's best interest to accommodate their requests d. All of the above
In the above figure, if this firm produces output level Q2, it has average total costs of
A. OF. B. OE. C. OD. D. OC.