The manager of Slick Lens, a sunglasses manufacturer, notices that the cost to distribute their sunglasses in the spot market has risen. As a result of the change, which of the following is true?
A) The manager has more of an incentive to integrate forward.
B) The manager has more of an incentive to integrate backward.
C) The manager has less of an incentive to integrate forward.
D) The manager has less of an incentive to integrate backward.
A) The manager has more of an incentive to integrate forward.
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Which of the following statements is correct?
a. As a group, economists see no purpose in distinguishing between the nominal interest rate and the real interest rate. b. The interest rate that is usually reported is the nominal interest rate. c. If the nominal interest rate increases and the inflation rate remains unchanged, then the real interest rate decreases. d. All of the above are correct.
________ marginal returns implies ________ marginal costs.
A. Increasing; increasing B. Increasing; constant C. Diminishing; decreasing D. Diminishing; increasing