What's the firm's contribution margin?
a. $1800
b. $800
c. $1000
d. $300
b
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The slowdown in U.S. economic growth in the period 1974-95 was primarily caused by ________
A) falling labor growth B) falling capital growth C) falling productivity growth D) none of the above
Which of the following statements is true?
A. A random walk process is stationary. B. The variance of a random walk process increases as a linear function of time. C. Adding a drift term to a random walk process makes it stationary. D. The variance of a random walk process with a drift decreases as an exponential function of time.
Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables, its marginal cost is equal to $200, and AVC is rising. If the market price of tables is equal to $150, Alex's Furniture Mart should:
A. decrease its level of table production. B. increase its level of table production. C. continue producing 250 tables. D. raise the price of its tables.
A household will buy a good as long as the
A. marginal utility from its consumption is greater than or equal to its market price. B. good's price is greater than the maximum a consumer would be willing to pay for it. C. good's use value is less than the price being charged for the good. D. good still provides the consumer with average utility.