A firm's cost of production is determined by all of the following except
A) the productivity of its workers.
B) the amount of corporate taxes it must pay on its profit.
C) the technology used to produce its output.
D) the cost of raw material used in production.
B
Economics
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Keynesians explain the procyclical behavior of average labor productivity by introducing the concept of
A) menu costs. B) sticky prices. C) labor hoarding. D) sticky wages.
Economics
A(n) _____ is an indirect tax imposed on each sale at each stage of production
a. personal tax b. value-added tax c. excise duty d. sales tax e. ad-valorem tax
Economics