Ans: b) Durable goods non durable goods services
_________ are three broad spending categories of personal consumption when comes to the household
a) Durable goods firm services
b) Durable goods non durable goods services
Economics
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According to the text, the cost-plus-markup procedure
A) is the only sensible way to set prices. B) is a sure-fire way to ruin a business. C) is a general rule of thumb for price searchers. D) can be practiced only by price takers.
Economics
Developing country governments often collaborate with foreign companies in
a. choosing inappropriate technologies b. transferring assets back home during foreign exchange crises c. promoting corporate goals over development goals d. avoiding taxes e. all of the above
Economics
The expected real cost to a firm of using an additional unit of capital during a period of time is the
A) user cost of capital. B) marginal product of capital. C) marginal cost of capital. D) opportunity cost of capital.
Economics
If an increase in price causes total expenditure on a product to decrease, then the price elasticity of demand is: a. inelastic
b. elastic. c. unit elastic. d. zero.
Economics