Barriers to entry might include all of the following EXCEPT
A. positive economic profits.
B. government franchise.
C. ownership of essential resources.
D. patents and copyrights.
Answer: A
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The revenue received from the sale of ________ of a product is a marginal benefit to the firm
A) an additional unit B) only profitable units C) the total number of units D) no units
What is securitization?
What will be an ideal response?
Fixed investment is typically ________
A) smaller than inventory investment B) calculated as the change in holdings of raw materials and finished goods C) planned spending on equipment, structures, and new residential housing D) all of the above E) none of the above
For a normal good, an increase in consumer income will cause the market demand for the product to:
a. decrease, which is a shift to the left of the demand curve. b. decrease, which is a shift to the right of the demand curve. c. increase, which is a shift to the left of the demand curve. d. increase, which is a shift to the right of the demand curve.