Which of the following is most likely to be an implicit cost for Company X?
A. Depreciation charges on company-owned equipment
B. Payments for raw materials purchased from Company Y
C. Rental payments on IBM equipment
D. Transportation costs paid to a nearby trucking firm
Answer: A
You might also like to view...
________ describes the actions a firm takes to maintain the differentiation of its product over time
A) Brand management B) Product differentiation C) Advertising D) Aggressive marketing
A coordination problem arises whenever there:
A. are multiple Nash equilibria. B. is a unique Nash equilibrium but it is not very desirable. C. are no dominant strategies for both players. D. is no Nash equilibrium in a game.
Refer to the following graph. The price of labor is $3 per unit:
Refer to the following graph. The price of labor is $3 per unit:
A. 17 units of capital B. 20 units of capital C. 19 units of capital D. 18 units of capital
Exhibit 21-7 Foreign exchange market for U.S. dollars and British pounds
?
Which of the following could cause the dollar-pound exchange rates to change as shown in Exhibit 21-7?
A. American goods become more popular in Great Britain. B. British incomes rise, while U.S. incomes remain unchanged. C. The U.S. price level rises, while the British price level remains unchanged. D. The U.S. real interest rate rises, while the British real interest rate remains unchanged.