Refer to the table above. Which is the optimum location for the firm to set up its factory?
A) Far B) Close C) Very Far D) Very Close
A
Economics
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Nominal GDP is $12.1 trillion and real GDP is $11.0 trillion. The GDP price index is
A) 90.1. B) 121. C) 1.10. D) 91.0. E) 110.
Economics
If marginal product is negative, total product must be negative
a. True b. False
Economics
Other things the same, when the real exchange rate of the dollar appreciates, U.S. goods become more desirable to U.S. residents, but less desirable to foreign residents
a. True b. False Indicate whether the statement is true or false
Economics
The value of the marginal product of new capital increases when the:
A. productivity of new capital increases. B. the price of the good the firm produces decreases. C. real interest rate increases. D. price of new capital goods increases.
Economics