Label the break-even point.
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When comparing the annual inflation rate in the United States based on the CPI with the annual inflation rate based on the PCE price index, the data show that the two inflation rates
A) move in opposite directions. B) remained constant over the forty year period after 1979. C) steadily increased over the forty year period after 1979. D) move up and down in similar but not identical ways. E) both fluctuate, but the fluctuations have little relationship to each other.
The table in the above figure shows the levels of output resulting from different levels of inputs. Returns to scale are greatest at which level of output?
A) 100-200 units B) 200-400 units C) 400-600 units D) There is insufficient information to answer the question.
Conflicts can arise between divisions because
a. Coordination between divisions does not benefit all divisions equally b. managers of profit centers care too little about the effects of their decisions on other divisions c. managers are rewarded only for actions that increase their own divisional profit regardless of their effects on other divisions d. all of the above
The total costs of regulation
A. are paid entirely by the regulated industries. B. are much higher than just the explicit government outlays to fund the administration of various regulations. C. include increased taxes and increased prices of the products being regulated. D. are paid entirely by the consumers of regulated industries.