Which of the following is most likely to be a fixed cost for a business?
A. expenditures on low-skill labor.
B. shipping charges for the delivery of products.
C. materials costs.
D. property taxes on the firm's buildings.
Answer: D
You might also like to view...
________ shifts the consumption function upward
A) A decrease in the marginal propensity to consume B) An increase in the price level C) An increase in the real interest rate D) An increase in expected future disposable income E) An increase in disposable income
Suppose we are working with the simplest possible Keynesian-cross multiplier, but with the permanent-income hypothesis figured in. If k = 0.88,
and j = 0.25, the multiplier of a $1 change in government spending goes from ________ in the short run to ________ in the long run. A) 8.33, 1.28 B) 1.28, 8.33 C) 8.33, 4.00 D) 1.13, 4.00 E) 4.54, 8.33
A consumer's budget line shows
a. the utility that an individual would receive from consuming various combinations of two goods b. the combinations of two goods that an individual is able to purchase, given prices and income c. how income is influenced by prices of goods d. how changes in income affect utility e. the relationship between prices and income
The measured capital stock in developed countries
a) overestimates real capital growth because capital prices have risen dramatically in recent years b) underestimates real capital growth because machines have become more powerful and less expensive c) overestimates real capital growth because the manpower needed to operate new machines in greater than in previous years d) underestimates real capital growth because it does not include financial investments e) overestimates real capital growth because it includes government consumption expenditures