New residential housing is counted in GDP as a(n):
a. durable consumption good.
b. household durable good.
c. investment good.
d. inventory expansion.
e. long-term durable good.
c
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Refer to Table 8.3 . Assume the price of labor is $5.00 and the price of capital is $10.00 and the firm's fixed costs are $15
What production technique will be used to produce the first unit of output? The second? The third? What are the firm's total variable costs, total costs, and marginal costs of producing one unit of output? Two units of output? Three units of output?
Define opportunity cost. What is the opportunity cost to you of attending college? What was your opportunity cost of coming to class today?
Which of the following probably has the highest start-up costs?
a. a restaurant belonging to a fast-food chain b. a feature-length motion picture production by a major studio c. a bookstore that specializes in travel books d. a theatrical production by a local theater group
Before being adjusted for costs:
A. actively managed funds outperform index funds. B. actively managed funds and index funds perform about the same. C. index funds outperform actively managed funds. D. arbitrage equalizes the average expected rates of return and beta levels on index and actively managed funds.