In the highly competitive fast-food restaurant market, brand name restaurants have a strong profit incentive to maintain high sanitary conditions and avoid any negative consequences
Indicate whether the statement is true or false
TRUE
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Indifference curves show the ________ of combinations of two products.
A. marginal utility B. secular utility C. total utility D. individual utility
The time it takes to pass legislation to implement a particular policy is called
A) the data lag. B) the recognition lag. C) the legislative lag. D) the implementation lag. E) the effectiveness lag.
The long-run capacity decision depends on the ________ period marginal revenue and the ________ marginal cost.
A) off-peak; short-run B) off-peak; long-run C) peak-; short-run D) peak-; long-run
The intersection between the long-run aggregate supply and aggregate demand curves determines the: a. level of full-employment real GDP. b. level of prices (CPI)
c. money supply. d. marginal product. e. both a and b.