Coco chocolate manufacturers recently decided to "gift" one of its retailers a refrigerator. Why would it want to do that?
a. To ensure the retailer knowledge of their generosity
b. To ensure the retailers knowledge of their quality
c. To ensure the freshness of the product that reaches their consumers
d. To ensure the retailers decrease in price
c
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The difference between the actual price that a producer receives and the minimum acceptable price the producer is willing to accept is called the producer
A. costs. B. revenues. C. utility. D. surplus.
Based on Table 3.1, the opportunity cost of a pair of shoes in the United States is
A) three computers. B) two computers. C) one computer. D) one-half computer. E) None of the above.
Short-run aggregate supply is greater than long-run aggregate supply in the misperceptions theory if
A) the actual price level is greater than the expected price level. B) the actual price level equals the expected price level. C) the actual price level is less than the expected price level. D) output is less than its full-employment level.
Suppose y = Ak1/4, the capital-labor ratio is $40,000 per worker, the level of total factor productivity is 800, 70% of the population works, and there are 70 million workers. Real GDP per capita is
A) $3,500.00. B) $5,543.72. C) $7919.60. D) $9,899.50.