Which of the following is a fixed cost?
A. Electricity
B. Worker bonuses
C. Mortgage on the building
D. Steel to produce refrigerators
Answer: C
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Figure 8-4
In Figure 8-4 at output level 2,
A. MR > MC. B. the slope of the total profit curve is negative. C. there are negative profits. D. marginal revenue is rising compared to output.
The more firms are present in a market, the:
A. more competition is likely to be present. B. less competition is likely to be present. C. more like a monopoly it will behave. D. more collusion is likely to occur.
The order of payment of corporate earnings is bondholders, preferred stockholders, convertible stockholders, and finally common stockholders
Indicate whether the statement is true or false
The natural rate of unemployment refers to the current unemployment rate
a. True b. False Indicate whether the statement is true or false