Transaction costs are the costs incurred by individuals dealing with one another. ?
Answer the following statement true (T) or false (F)
False
Rationale: Transaction costs are the costs that might keep individuals from dealing with one another.
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Mutual funds sell shares to investors and use the funds to
A) pay dividends. B) purchase newly issued shares of a particular company's stock. C) invest in a portfolio of financial assets. D) purchase Treasury bonds.
If the market supply curve slopes upward
a. each unit of the good costs more to produce than previously produced units did b. each unit of the good is worth more than the market price c. each unit of the good is worth the market price paid for it. d. the market is efficient e. the market must be imperfectly competitive
Total market demand can be calculated by
A. looking at the changes in the products' popularity. B. adding up the largest quantity demanded by each individual. C. vertically summing individual demand curves at each and every income level. D. horizontally summing individual demand curves at each and every price level.
Marginal utility is
A. the total utility received from consuming a certain quantity of a good divided by the quantity. B. the utility received by the last consumer of a good. C. the utility received from consuming one unit of a good. D. the change in total utility due to a one-unit change in the quantity of a good consumed.