Total fixed cost is the cost of
A) labor.
B) production.
C) a firm's fixed factors of production.
D) only implicit factors of production.
E) only explicit factors of production.
C
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Refer to the table above. If the world price of trousers is $5 per pair, then which of the following statements is true?
A) All the four countries will import trousers. B) All the four countries will export trousers. C) Country A and Country D will export trousers, whereas Country B and Country C will import trousers. D) Country B and Country C will export trousers, whereas Country A and Country D will import trousers.
In the one-period valuation model, the current stock price increases if
A) the expected sales price increases. B) the expected sales price falls. C) the required return increases. D) dividends are cut.
In the basic 45-degree line model, what is the effect of an increase in the price level?
a. There will be movement to the left on the expenditure line. b. There will be movement to the right on the expenditure line. c. The expenditure line will shift downward. d. The expenditure line will shift upward.
Producers have an incentive to produce those goods most desired by consumers at the lowest price in
A. a centrally planned economy. B. a communist economy. C. a market economy. D. All of the choices are true.