Suppose Sun Bakery sells cupcakes and buns, using various equipment and labor to make and deliver its products. Which of the following costs is a fixed cost for Sun Bakery?
a. The money paid to buy cupcake liners and flour
b. The money paid to provide health benefits to the staff
c. The money paid to workers as wages
d. The money paid to pay back the loan taken to purchase commercial-grade ovens
d
Economics
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In a multiplayer game where there are two equally-enjoyable choices of what to do, and everyone wants to do what everyone else is doing, there will be three Nash equilibria
Indicate whether the statement is true or false
Economics
If a monopolist lowers its price
A) it lowers the barriers to entry. B) the quantity demanded increases. C) the quantity demanded remains the same. D) the quantity demanded decreases.
Economics