Which of the following calculations is necessary to determine whether a regulation should be implemented?
a. Marginal cost-marginal revenue calculations
b. Cost effectiveness calculations
c. Total cost-total revenue calculations
d. Cost minimization calculations
e. Cost-benefit calculations
e
You might also like to view...
Figure 4.3 illustrates the demand for tacos. A successful advertising campaign to sell tacos would bring about a movement from
A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.
The primary functions of money are:
a. velocity, liquidity, and transactions. b. speculative demand, measure of value, and precautionary demand. c. a medium of exchange, a unit of account, and a store of value. d. a store of value, heterogeneity, and a medium of exchange. e. currency value, fiat value, and accepted value.
Anya has decided to start her own hair-styling salon. To purchase the necessary equipment, Anya withdrew $10,000 from her savings account, which was earning 3% interest, and borrowed an additional $5,000 from the bank at an interest rate of 8%. What is Anya's annual opportunity cost of the financial capital that has been invested in the business?
a. $300 b. $400 c. $700 d. $1,650
If trade policies change, then we would expect aggregate expenditure to:
A. remain constant. B. depends on the policy. C. decrease. D. increase.