Which of the following statements is true?
A. Focusing on incremental costs is a bad idea for managers.
B. Fixed cost is the same thing as variable cost.
C. Costs look the same from all perspectives.
D. Incremental cost is the same thing as marginal cost.
D. Incremental cost is the same thing as marginal cost.
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Under the VER of the 1980s, U.S. automakers:
a. continued their downward slide. b. could not recover because they were also faced with other issues, such as labor unrest, increased oil and steel prices, and higher taxes. c. were able to raise prices and improve quality to get even higher prices. d. were able, with the quota, to ignore world market conditions.
Assume a company can offer customers cable television and Internet service at essentially zero marginal and average cost
The following table shows each customer's marginal willingness to pay for television, Internet services, and for a bundle containing both. If television and Internet services are sold separately, the profit maximizing prices are Television Internet Bundle Alex $100 $60 $160 Rebecca $80 $100 $180 A) television $100 and Internet services $60. B) television $80 and Internet services $100. C) television $80 and Internet services $60. D) television $100 and Internet services $100.