Intel's chief executive says the company might expand the technology it is using in its planned $2.5 billion chip-manufacturing factory in China if the U.S. government allows it, underscoring the technology giant's ambitions in the world's fourth-biggest economy. The Intel executive is making a
A. Short-run decision, and therefore a decision about how much to produce.
B. Decision that would definitely increase costs.
C. Long-run decision, and therefore an investment decision.
D. Decision that would cause ATC to increase.
Answer: C
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Refer to Table 7.1. Output is increasing at
A) a diminishing rate. B) an increasing rate. C) a constant rate. D) a negative rate.
In a market economy, scarcity of resources is most clearly reflected in
a. supply. b. demand. c. market prices. d. the stock of the resource.
Deadweight loss
What will be an ideal response?
Each of the following has been a job of the Federal Trade Commission except
A. being a watchdog against the anticompetitive practices outlawed by the Sherman and Clayton Acts. B. preventing false and deceptive advertising. C. approving and disapproving corporate mergers. D. ensuring that the Sherman Act is not used against labor unions.