The increase in total cost that results from producing one more unit of output is the marginal cost.
Answer the following statement true (T) or false (F)
True
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U.S. Imports and Exports by Area
- Report the data in a table with 3 columns: "Area", "Exports", and "Imports" Then for each row of your table you will list an area (such as Euro area or Canada), the most recent levels of U.S. exports to and U.S. imports from that area.
- Which regions provide a trade surplus for the United States?
- What is the value of U.S. net exports to Japan?
Assume Leo buys coffee beans in a competitive market. It follows that
a. Leo has a limited number of sellers from which to buy coffee beans. b. Leo will negotiate with sellers whenever he buys coffee beans. c. Leo cannot influence the price of coffee beans even if he buys a large quantity of them. d. None of the above is correct.
It is easier to sustain tacit collusion in an infinitely repeated game if:
A. the present value of cheating is lower than collusion and the interest rate is higher. B. there are many players. C. the present value of cheating is lower than collusion. D. the interest rate is higher.
The fact that the major indicator of enterprise success in the Soviet Union and pre-reform China was the quantity of output implied that:
A. product quality was neglected. B. production costs were minimized. C. product-mix met consumer needs. D. technological advance was too rapid.