If the company plans to produce 9 units, which technology should the firm choose?
a. Technology A
b. Technology B
c. Either technology because they are equally cost efficient
d. Need more information
a
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The proposal to place a tax on soda is intended to address what insight about human behavior?
An example of a zero-sum game is
A) exchange. B) a consumer purchasing a used car from a used car dealer. C) the prisoners' dilemma. D) poker.
In economics, utility is defined as
A. the usefulness of a good or service. B. the objective measure of the desirability of a good or service. C. the want-satisfying power of a good or service. D. the utilitarian value of a good or service.
Chris earns $1,500 per week and spends $1,000 per week on living expenses, puts $200 in a savings account, and buys $300 worth of shares in a stock mutual fund. Chris's saving is ________, and Chris's saving rate is ________.
A. $200; 20.0% B. $300; 20.0% C. $200; 13.3% D. $500; 33.3%