The marginal rate of technical substitution is measured by
A) the relative input prices.
B) the slope of the isocost line.
C) the slope of the isoquant.
D) the ratio of the product's price to the product's cost of production.
C
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________ economic growth occurs when, after growth, exports and imports rise by the same proportion
A) Rising B) Neutral C) Biased D) Technological
Mechanisms that manufacturers can use to deal with misaligned retailer incentives include
a. setting a maximum retail price b. allowing many retailers to sell the product in each market c. compensating retailers' sales staff for demonstrating the product d. eliminate manufacturer staff that was demonstrating the product in stores
According to the case, price has a disproportionate effect on the bottom line relative to
A) demand changes. B) total and fixed costs. C) capital expenditures. D) the cost of capital.
Measured as a share of GDP, the total federal debt
a. increased during the 1990s, but it has declined substantially during the most recent decade. b. increased substantially during the recession of 2008-2009, but it is still well below the levels of the 1960s and 1970s. c. has steadily trended downward during both the 1990s and the most recent decade. d. is now approximately 100 percent of GDP, which is higher than at any time since the years immediately following World War II.