Lars almost always use SpeedyStop gas station because it is close to his home. What type of product differentiation is he being influenced by?
a. physical differences
b. prestige
c. location
d. service
c. location
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Arthur is an unskilled worker who is currently unemployed. He has been offered a job that pays $40 a day, but he is currently receiving unemployment insurance benefits equal to $50 a day, so he chooses not to accept the job and to continue looking for a better job. Arthur is ________ unemployed.
A. cyclically B. structurally C. not D. frictionally
A financial system is a means of bringing together savers and borrowers.
Indicate whether the statement is true or false.
Gains from trade can be realized if each country specializes in the production of a good in which it has a comparative advantage
a. True b. False Indicate whether the statement is true or false
For the cost function C(Q) = 50 + 4Q + 2Q2, the total variable cost of producing 7 units of output is:
A. 126. B. 32. C. 102. D. None of the answers are correct.