Changes in the national incomes of our trading partners would directly impact our:
A. Consumption
B. Exports
C. Imports
D. Government spending
B. Exports
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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
A legal entity that may conduct business in its own name just as an individual does is a(n)
A) corporation. B) entrepreneur. C) proprietorship. D) partnership.
In the long run
A. all costs are variable. B. total variable cost equals total fixed cost. C. total fixed cost is greater than total variable cost. D. all costs are fixed.
Refer to the above graph. A successful advertising campaign by a monopolistically competitive firm will cause the demand curve for that firm to shift from:
A. A to B and become less elastic. B. B to A and become more elastic. C. A to B and become more elastic. D. B to A and become less elastic.