Fast Prints has a contract with local couriers to deliver their products to customers located throughout the city and it cost Fast Prints $5,000 in legal fees to establish the contracts. Fast Prints charges $25 for each set of 500 copies delivered in the city. What are Fast Prints' transaction costs?
A) $5,025 B) $4,975 C) $25 D) $5,000
D) $5,000
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Assume the cross price elasticity of demand between peanut butter and grape jelly is negative
a. Does the cross price elasticity coefficient indicate that peanut butter and grape jelly are substitutes or complements? Why? b. Describe the effect associated with an increase in the price of peanut butter on the the demand for both peanut butter and grape jelly.
A tax on an imported good is called:
a. an export. b. dumping. c. a quota. d. a tariff. e. free trade.
Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the number of jobs the economy has gained or lost
a. True b. False Indicate whether the statement is true or false
Increased international trade increases the demand for a country's exports, ________ the demand for workers in export industries, and ________ their wages.
A. decreases; decreases B. decreases; increases C. increases; decreases D. increases; increases