If Angelo's Pizza Restaurant has a constant marginal cost of $50 for each additional table in the restaurant and a constant marginal cost of $12 for operating each additional table, what is Angelo's long-run marginal cost per table?
A) $38 B) $62 C) $12 D) $50
B) $62
Economics
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Refer to Table 19-13. Real GDP for Vicuna for 2013 using 2015 as the base year equals
A) $4,620. B) $5,100. C) $5,650. D) $5,850.
Economics
The summary of the flows of goods, services, assets, and currency in and out of a country in a particular year is the
a. balance of income statement. b. balance of payments. c. balance of trade. d. trade deficit.
Economics
Workers expecting inflation will expect wage increases to be built into their wage contracts
a. True b. False Indicate whether the statement is true or false
Economics
Setting performance goals based on historical data and past performance creates:
A. a ratchet effect. B. a compensating differential. C. opportunism. D. the horizon problem.
Economics