View Your World, a high-end window manufacturer, directly pays all of the transaction costs. The managers of View Your World are considering the profit-maximizing location for their plant. If locating the plant closer to its customers saves $15,000 in transportation costs of its windows to its customers, but causes an additional $11,500 in input transportation costs, View Your World ________
locate its plant closer to its customers as the marginal benefit is ________ than the marginal cost.
A) should not; more
B) should not; less
C) should; less
D) should; greate
D) should; greate
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Suppose a monopoly producer is also a monopsonist in the labor market. Demand for the output is p = 100 - Q. The production function is Q = L, and the labor supply curve is w = 10 + L. How much labor does the firm hire? What wage is paid?
What will be an ideal response?
In addition to China's recent growth, the economic crisis in the U.S. and Europe beginning in 2008 further undermined the influence of
a. transnational advocacy networks. b. the Washington consensus. c. the poverty line. d. late, late developers.
Which of the following policies would be most effective in the flat part of the SRAS demand curve?
a. The Fed decreases the money supply by 3 percent. b. The Fed decreases the money supply by 10 percent. c. The Fed increases the money supply by 3 percent. d. The Fed increases the money supply by 10 percent.
The budget deficit is defined as
A) T - (G + TR), and this is negative. B) T - (G + TR), and this is positive. C) T + (G - TR), and this is negative. D) T + (G + TR), and this is negative.