If the unit cost of output for a computer is $2,000 and if firms' average markup is 10 percent, what is the total cost to the consumer?
a. $2,000
b. $2,010
c. $2,020
d. $2,200
e. $20
D
Economics
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The percentage return on a loan expressed in terms of goods and services is the
A) real wage rate. B) CPI interest rate. C) real interest rate. D) nominal wage rate. E) nominal interest rate.
Economics
If the money wage rate rises and potential GDP remains the same, does the LAS curve or the SAS curve shift or is there a movement along the LAS curve or the SAS curve?
What will be an ideal response?
Economics