In monopolistic competition, advertising costs
A) are fixed costs.
B) are variable costs.
C) affect the firm's ATC curve.
D) All of the above answers are correct.
D
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This year a country loaned more to the rest of the world than it borrowed from the rest of the world. In addition, the country has invested more in the rest of the world than other countries have invested in it
The country is currently a ________ and also a ________. A) net lender; creditor nation B) net borrower; creditor nation C) net borrower; debtor nation D) debtor nation; net lender
Which of the following is the best example of substitutes?
a. coffee and cream b. videotapes and VCRs c. money and biscuits d. tortillas and salsa e. hiking boots and athletic shoes
To ensure that we get the same result for price elasticity no matter which direction we move on the demand curve, we must take the average of the
a. initial price and the initial quantity demanded and the average of the new price and the new quantity demanded b. new price and the initial quantity demanded and the average of the new quantity demanded and the initial price c. initial price and the new price and the average of the initial quantity demanded and the new quantity demanded d. initial price and the new price only e. new quantity demanded and the initial quantity demanded only
If exports and imports both rose, but exports rose less than imports, a. AD would decrease
b. AD would increase. c. AD would be unaffected. d. AD could either increase or decrease.