At a Mufflers-R-Us repair shop customers have the opportunity to wait in a room with chairs, a television, magazines, coffee and donuts. The economic way of thinking suggests the muffler shop is
A) selling mufflers below cost.
B) selling the additional goods and services below cost.
C) attempting to increase its total profit
D) engaging in unfair trade practice because it provides the goods and services free of charge.
E) almost certainly doing none of the above.
C
Economics
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After the Civil War, the Southern manufacturing sector
a. declined along with the agricultural sector. b. did not reach pre-War levels until the 20th century. c. recovered much more quickly than the agricultural sector. d. was slow to recover because of slow repairs to the South's transportation network.
Economics
Average costs_____ initially due to the presence of fixed costs and then _____due to increasing marginal costs
a. rise; rise b. rise; fall c. fall; rise d. fall; fall
Economics