For a firm that produces several products, the marginal cost of producing one product often depends on:
A. the level of demand for other products.
B. the production level of other products.
C. the price of other products.
D. the quality of other products.
B. the production level of other products.
You might also like to view...
As interest rates rise, the expected absolute return of money ________, money's expected return relative to bonds ________
A) does not change; decrease B) rises; decrease C) does not change; increase D) falls; decrease
Olivia was accepted by Northwestern and by another university. She is trying to decide where to go. Which of the following should influence her decision?
a. how much she spent applying to Northwestern, and the difference between living expenses at Northwestern and the other university b. how much she spent applying to Northwestern, but not the difference between living expenses at Northwestern and the other university c. the difference between living expenses at Northwestern and her second choice, but not how much she spent applying to Northwestern d. neither how much she spent applying to Northwestern nor the difference between living expenses at Northwestern and her second choice
Another name for the "Chain Store Act" is
A. the Robinson-Patman Act of 1936. B. the Federal Trade Commission Act of 1914. C. the Clayton Act of 1914. D. the Sherman Antitrust Act of 1890.
Answer the next question using the following budget information for a hypothetical economy. All data are in billions of dollars. Also assume that all budget surpluses are used to pay down the public debt. Government SpendingTax RevenuesGDPYear 1$800$825$4,000Year 28508504,200Year 39008754,350Year 49509004,500Year 51,0009254,600Assume that year 1 is the first year for this economy and year 5 is the current year. What is the public debt in this economy at year 5?
A. $75 billion B. $25 billion C. $925 billion D. $125 billion