Mr.Hershey' company produces chocolate bars. Which is NOT a variable input for this firm?
A. the big chocolate-stirring machines
B. sugar
C. assembly line workers
D. packaging materials
Answer: A
You might also like to view...
If a firm wants to finance a new project, it can obtain financing by
A) using its retained earnings. B) issuing and selling new shares of stock. C) selling corporate bonds to the public. D) all of the above.
The exchange rate
a. is the ratio of two countries' GDPs. b. is the rate at which one country's money is flowing into another country. c. states the price of one currency in terms of another currency. d. is closely related to the concept of absolute advantage.
When one person knows more than another, it creates a situation:
A. called information asymmetry. B. called information dominance. C. in which the transaction will not occur. D. in which the transaction is always regretted.
A low exchange rate for the dollar makes foreign currencies:
A. more expensive, raising the price of imports. B. more expensive, lowering the price of imports. C. cheaper, lowering the price of imports. D. cheaper, raising the price of imports.