A good's real price is the:
A. dollar price of the good relative to the average dollar price of all other goods and services.
B. average dollar price of the good.
C. dollar price of the good relative to the real price of all other goods and services.
D. absolute price of the good in dollar terms.
Answer: A
Economics
You might also like to view...
"One should never bother with WLS. Using OLS with robust standard errors gives correct inference, at least asymptotically." True, false, or a bit of both? Explain carefully what the quote means and evaluate it critically
What will be an ideal response?
Economics
If a firm produces 10 units, TC=$100 . When the firm increase its output to 15 units, TC= $150 . The firm's variable costs equal to
a. $50 b. $150 c. $25 d. $100
Economics