It is often substantially cheaper to own and operate a used car rather than a new one because
A) the interest rate on a used car loan is generally lower.
B) his is a trick question. All things considered, the cost per mile traveled is generally cheapest if you buy a new car every year.
C) the depreciation cost for a new car will almost always be substantially higher.
D) the maintenance cost of a new car is generally higher.
C) the depreciation cost for a new car will almost always be substantially higher.
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Which of the following is NOT an example of a common property resource?
A) Water in underground aquifers B) Public highways in large cities C) Fish stocks in open waters D) Outdoor concerts
What does not raise consumer expenditures?
What will be an ideal response?
Most of the poverty in this country can be traced to
A. the recession that began in 1990. B. the heritage of slavery. C. five decades of social and economic change. D. the War on Poverty.
Figure 7-2
In Figure 7-2, at an output of 500, marginal cost equals
A. 10. B. 20. C. 30. D. 40.