If every participating firm has the same marginal benefit from industrywide advertising, then ________.
A) requiring every firm to pay the same amount for advertising is not likely to create dissatisfaction amount the firms
B) every firm should be required to pay nothing for the advertising
C) requiring every firm to pay different amounts for advertising is not likely to create dissatisfaction amount the firms
D) requiring every firm to pay the same amount for advertising is likely to create dissatisfaction amount the firms
A) requiring every firm to pay the same amount for advertising is not likely to create dissatisfaction amount the firms
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The people who immediately benefit from a minimum wage are
A) employers who now pay the minimum wage. B) those people who enter the labor force to search for minimum wage jobs. C) the workers who retain their jobs after enactment of the minimum wage. D) everyone, both demanders and suppliers, because the minimum wage benefits everyone. E) all workers.
Because of the slope of the aggregate demand curve, we can say that
A) a decrease in the price level leads to a lower level of real GDP demanded. B) an increase in the price level leads to a higher level of real GDP demanded. C) a decrease in the price level leads to a higher level of real GDP demanded. D) an increase in the price level leads to no change in the level of real GDP demanded.
Refer to Figure 14-2. If the government delays Gigacom's entry and Xenophone moves first, what is the likely outcome in the market?
A) Xenophone offers internet service via cable line and earns a profit of $4 million while Gigacom offers DSL internet service and earns a profit of $4.5 million. B) Both offer internet service via cable line; Xenophone earns a profit of $6 million and Gigacom earns a profit of $9 million. C) Both offer DSL internet service; Xenophone earns a profit of $8 million and Gigacom earns a profit of $7 million. D) Xenophone offers DSL internet service and earns a profit of $5 million while Gigacom offer internet service via cable line and earns a profit of $6.5 million.
Explain the concept, goals, and methods of integrated rural development
What will be an ideal response?