Consuming one more of a good increases its marginal-utility-to-price ratio, and consuming one less of the other good lowers its marginal-utility-to-price ratio
a. True
b. False
Indicate whether the statement is true or false
False
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Use the following table to answer the next question.OutputATC-1ATC-2ATC-3ATC-41,500$10$15$20$302,00091217252,50081015203,00012713183,50015611164,00018107144,50020128125,00024151195,500291913126,00035251514Plant sizes get larger as you move from ATC-1 to ATC-4.The firm's minimum efficiency scale occurs at what level of output?
A. 2,500 units B. 4,000 units C. 3,500 units D. 3,000 units
Alex is hired as a sales agent and receives 10% commission on the sales price. The contract he signed is a
A) fixed-fee contract. B) hire contract. C) contingent contract. D) sharing contract.
Which of the following should not be on a list of things you should do to get an honest evaluation?
A. Have a list of creative solutions to problems that you have encountered. B. Take your manager to dinner the night before evaluations are due. C. Illustrate how your actions will improve the company next year. D. Show how your output influenced the profitability of your division.
Hedonic pricing is used to
A) convert nominal values to real values. B) calculate the difference between nominal GDP and real GDP. C) measure the rate of change in real GDP. D) obtain chain-weight indexes. E) none of the above