All of the following are true regarding managerial diseconomies except which one?
A) They cause an increase in a firm's total profit.
B) They can increase as a firm adds more plants.
C) They can increase as a firm expands its scope of operations.
D) They affect a firm's total profit.
A) They cause an increase in a firm's total profit.
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Refer to Figure 5-16. How much is Amit willing to pay per street light to have 4 street lights installed?
A) $3,600 B) $2,700 C) $1,800 D) $900
If Juana contracts to buy U.S. office equipment in U.S. dollars and her domestic currency depreciates against the U.S
dollar between the time the contract is signed and the bill is paid, she will wind up paying less for the equipment because she stayed in the spot market. Indicate whether the statement is true or false
On the graph above, consider a point A on the aggregate demand curve and above the aggregate supply curve. At this point, ________
A) quantity demanded equals output, but the inflation rate will fall, so output will rise B) quantity demanded is greater than quantity supplied, so the inflation rate will rise C) output is greater than the quantity demanded, so output will fall D) the aggregate demand curve will shift to the right until quantity demanded is equal to quantity supplied E) none of the above
Which of the following is an implicit cost of owning a business?
(i) interest expense on existing business loans (ii) forgone savings account interest when personal money is invested in the business (iii) damaged or lost inventory a. (i) only b. (ii) only c. (i) and (ii) d. All of the above are correct