Marginal cost pricing is a system of pricing in which the price charged equals the marginal cost of:
a. the first unit produced.
b. each unit produced.
c. the last unit produced.
d. the profit-maximization unit.
c
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Provide a concise statement about the relationship between multinational corporations and:
(a) domestic employment, (b) foreign exchange, (c) taxes, (d) investment, (e) consumption, (f) industrialization, (g) inequality, and (h) technology.
When the Fed is pursuing expansionary monetary policy it will tend to reduce the demand for the dollar and increase net exports, other things equal
a. True b. False Indicate whether the statement is true or false
Fixed investment is typically ________
A) smaller than inventory investment B) calculated as the change in holdings of raw materials and finished goods C) planned spending on equipment, structures, and new residential housing D) all of the above E) none of the above
Which one of the following is an example of a normative statement?
A) A digital camera costs more than a disposable camera. B) Most digital cameras sold in the United States are imported from other countries. C) A camera makes a good wedding gift. D) More people will buy digital cameras as their prices decline.