All business firms should consider their fixed costs in determining the prices they set.

Suppose the annual growth rate of GDP in Belize is 3.5 percent. In 20 years, GDP in Belize will double

A) 1 time. B) 1.5 times. C) 3.5 times. D) 7 times.

Suppose that opportunity costs are constant in both France and Germany. In France, maximum feasible hourly production levels are either 3 units of wheat or 5 units of wine

In Germany, maximum feasible hourly production levels are either 4 units of wheat or 10 units of wine. It is correct to state that A) Germany has an comparative advantage in producing both wheat and wine. B) Germany has a comparative advantage in producing wine. C) France has a comparative advantage in producing both wheat and wine. D) France has a comparative advantage in producing wine.