A movie shown on a pay-per-view cable station is an example of
A) an excludable and rival good.
B) a nonexcludable and rival good.
C) an excludable and nonrival good.
D) a nonexcludable and nonrival good.
C
Economics
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The slope of the isocost line tells the firm how much
A) capital must be reduced to keep total cost constant when hiring one more unit of labor. B) capital must be increased to keep total cost constant when hiring one more unit of labor. C) more expensive a unit of capital costs relative to a unit of labor. D) the isocost curve will shift outward if the firm wishes to produce more.
Economics
In the four-sector circular flow model, households will use their incomes to do all but which one of the following?
a. Save. b. Pay taxes. c. Buy domestic goods and services. d. Buy imported goods and services. e. Invest.
Economics