________: the assumption that all other factors that might affect demand are held constant during the time period
Fill in the blank(s) with correct word
Ceteris paribus
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The Zonamo company produces waste disposal machines and sells them to militaries all over the world. The company started last year with $10 million of capital on hand and invested $15 million in new capital throughout the year
At the end of the year, the company's capital stock was $17 million. Hence, for the year, depreciation equaled ________ and net investment equaled ________. A) $25 million; $5 million B) $5 million; $5 million C) $8 million; $7 million D) $7 million; $8 million E) $8 million; $15 million
Inflation has no effect on an economy's well-being if
A) it is universally and accurately anticipated. B) relative prices are unaffected. C) the nominal rate of interest for both savers and borrowers rises by an amount just equal to the rate of inflation. D) all of these
Most of the volume of business in the United States is carried on by the
a. sole proprietor form of business b. partnership form of business c. corporate form of business d. government e. mutual fund form of business
If average cost is declining,
a. marginal cost must be below average cost. b. firms would go bankrupt if all prices were set equal to marginal costs. c. marginal cost may be declining or increasing. d. All of the above are correct.