Resource pricing is important because:
A. resource prices are a major determinant of money incomes.
B. resource prices allocate scarce resources among alternative uses.
C. resource prices, along with resource productivity, are important to firms in minimizing their
costs.
D. of all of these reasons.
Answer: D
You might also like to view...
All of the following products are likely to have significant network externalities except
A) cat food. B) cell phones. C) Twitter. D) popular board games.
Assume the graph shown represents Dawn's budget constraint. If Dawn's income to spend on these two items increased and Dawn spends all her income on these two goods, then Dawn's total utility from consuming these two goods:
A. will likely go up, since she can afford more of both goods now.
B. will likely go down, since her marginal utility of additional items decreases the more she consumes.
C. will likely go down, since she is probably sick of these two things already.
D. will likely go up, since her marginal utility of additional items increases the more she consumes.
We will definitely go bankrupt if we don't
A. refinance the national debt as the Treasury bills, notes, and bonds fall due. B. pay off the national debt within the next 20 years. C. reduce the size of the national debt. D. balance the budget.
The firm's shutdown point occurs at an output of
A. 30.
B. 45.
C. 60.
D. 65.