If the fixed costs can be ignored, a relatively good approximation of the correct transfer price is
a. average costs
b. average fixed costs
c. average variable costs
d. the market price
a
Economics
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Suppose a successful advertising campaign increases the demand for Nike shoes. Which would tend to occur?
A) The demand curve for Nikes would shift to the right. B) The quantity supplied of Nikes would increase. C) The price of Nikes would rise. D) All of the above.
Economics
In the economic way of thinking, traffic congestion is a sign of
A) a surplus of people. B) a surplus of automobiles. C) a shortage of buses. D) a negative externality.
Economics