____ is the price at which an intermediate good or service is transferred from the selling to the buying division within the same firm
a. Incremental price
b. Marginal price
c. Full-cost price
d. Transfer price
e. none of the above
d
You might also like to view...
Along a straight-line supply curve:
A. the change in elasticity depends on the supply curve in question. B. elasticity is equal to slope. C. elasticity declines as price declines. D. elasticity rises as price rises.
The level of money income below which a family is considered poor is called the:
a. bottom 20 percent of the income distribution. b. poverty income level. c. guaranteed income level. d. subsistence income level.
The labor supply curve shows the relationship between the
a. wage rate and the total quantity of labor demanded by firms b. wage rate and the total quantity of labor supplied by individuals c. wage rate and the total quantity of labor supplied by firms d. wage rate and the total quantity of labor demanded by individuals e. marginal revenue product of labor and the marginal physical product of labor
If the actual inflation rate is equal to the expected rate, which of the following will happen?
a. inflationary expectations will increase and the Phillips curve will shift downward in the short run. b. inflationary expectations will not change and the Phillips curve will remain in its current position in the short run. c. inflationary expectations will decrease and the Phillips curve will shift downward in the short run. d. inflationary expectations will stay constant and the Phillips curve will shift downward in the short run. e. inflationary expectations will not change and the Phillips curve will become horizontal in the short run.